Lloyds TSB Figures On Course For 2008

Published: 5/7/2010

Although the credit crunch has impacted on the performance of financial organisations across the country Lloyds TSB feel they are still on course to achieve their objectives for the year.

The well known high street operator Lloyds TSB saw their results down by almost GBP390 million because of the credit crunch but still saw a Q1 pre-tax profit that was up by over 10 percent. This is a great achievement for the organisation though some observers will wonder how much customers are paying over the odds to help them achieve such results.

A representative from Lloyds TSBexplained that they operated in a prudent fashion and so were not over exposed in the American sub prime mortgage collapse like many others.