REG - Lloyds Banking Group - Motor Finance Update

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RNS Number : 6443C  Lloyds Banking Group PLC  09 October 2025

 

9 October 2025

 

MOTOR FINANCE UPDATE

 

As previously noted, the Group continues to consider the impact and
implications of the recently published FCA consultation paper on motor
finance.  Uncertainties remain outstanding on the interpretation and
implementation of the proposals but based on our initial analysis and the
characteristics of the proposed scheme, an additional provision is likely to
be required which may be material.  This remains subject to ongoing analysis
and review of the proposals.  The Group will continue to update the market as
and when appropriate.

 

-END-

 

For further information:

 

Investor Relations

Douglas
Radcliffe
+44 (0)20 7356 1571

Group Investor Relations Director

douglas.radcliffe@lloydsbanking.com

 

Corporate Affairs

Matt Smith
 
+44 (0)77 8835 2487

Head of Media Relations

matt.smith@lloydsbanking.com

 

 

 

FORWARD LOOKING STATEMENTS

 

This document contains certain forward-looking statements within the meaning
of Section 21E of the US Securities Exchange Act of 1934, as amended, and
section 27A of the US Securities Act of 1933, as amended, with respect to the
business, strategy, plans and/or results of Lloyds Banking Group plc together
with its subsidiaries (the Group) and its current goals and expectations.
Statements that are not historical or current facts, including statements
about the Group's or its directors' and/or management's beliefs and
expectations, are forward-looking statements.

Words such as, without limitation, 'believes', 'achieves', 'anticipates',
'estimates', 'expects', 'targets', 'should', 'intends', 'aims', 'projects',
'plans', 'potential', 'will', 'would', 'could', 'considered', 'likely', 'may',
'seek', 'estimate', 'probability', 'goal', 'objective', 'deliver',
'endeavour', 'prospects', 'optimistic' and similar expressions or variations
on these expressions are intended to identify forward-looking statements.
These statements concern or may affect future matters, including but not
limited to: projections or expectations of the Group's future financial
position, including profit attributable to shareholders, provisions, economic
profit, dividends, capital structure, portfolios, net interest margin, capital
ratios, liquidity, risk-weighted assets (RWAs), expenditures or any other
financial items or ratios; litigation, regulatory and governmental
investigations; the Group's future financial performance; the level and extent
of future impairments and write-downs; the Group's ESG targets and/or
commitments; statements of plans, objectives or goals of the Group or its
management and other statements that are not historical fact and statements of
assumptions underlying such statements. By their nature, forward-looking
statements involve risk and uncertainty because they relate to events and
depend upon circumstances that will or may occur in the future.

Factors that could cause actual business, strategy, targets, plans and/or
results (including but not limited to the payment of dividends) to differ
materially from forward-looking statements include, but are not limited to:
general economic and business conditions in the UK and internationally
(including in relation to tariffs); imposed and threatened tariffs and changes
to global trade policies; acts of hostility or terrorism and responses to
those acts, or other such events; geopolitical unpredictability; the war
between Russia and Ukraine; the escalation of conflicts in the Middle East;
the tensions between China and Taiwan; political instability including as a
result of any UK general election; market related risks, trends and
developments; changes in client and consumer behaviour and demand; exposure to
counterparty risk; the ability to access sufficient sources of capital,
liquidity and funding when required; changes to the Group's credit ratings;
fluctuations in interest rates, inflation, exchange rates, stock markets and
currencies; volatility in credit markets; volatility in the price of the
Group's securities; natural pandemic and other disasters; risks concerning
borrower and counterparty credit quality; risks affecting insurance business
and defined benefit pension schemes; changes in laws, regulations, practices
and accounting standards or taxation; changes to regulatory capital or
liquidity requirements and similar contingencies; the policies and actions of
governmental or regulatory authorities or courts together with any resulting
impact on the future structure of the Group; risks associated with the Group's
compliance with a wide range of laws and regulations; assessment related to
resolution planning requirements; risks related to regulatory actions which
may be taken in the event of a bank or Group failure; exposure to legal,
regulatory or competition proceedings, investigations or complaints; failure
to comply with anti-money laundering, counter terrorist financing,
anti-bribery and sanctions regulations; failure to prevent or detect any
illegal or improper activities; operational risks including risks as a result
of the failure of third party suppliers; conduct risk; technological changes
and risks to the security of IT and operational infrastructure, systems, data
and information resulting from increased threat of cyber and other attacks;
technological failure; inadequate or failed internal or external processes or
systems; risks relating to ESG matters, such as climate change (and achieving
climate change ambitions) and decarbonisation, including the Group's ability
along with the government and other stakeholders to measure, manage and
mitigate the impacts of climate change effectively, and human rights issues;
the impact of competitive conditions; failure to attract, retain and develop
high calibre talent; the ability to achieve strategic objectives; the ability
to derive cost savings and other benefits including, but without limitation,
as a result of any acquisitions, disposals and other strategic transactions;
inability to capture accurately the expected value from acquisitions;
assumptions and estimates that form the basis of the Group's financial
statements; and potential changes in dividend policy. A number of these
influences and factors are beyond the Group's control. Please refer to the
latest Annual Report on Form 20-F filed by Lloyds Banking Group plc with the
US Securities and Exchange Commission (the SEC), which is available on the
SEC's website at www.sec.gov, for a discussion of certain factors and risks.
Lloyds Banking Group plc may also make or disclose written and/or oral
forward-looking statements in other written materials and in oral statements
made by the directors, officers or employees of Lloyds Banking Group plc to
third parties, including financial analysts. Except as required by any
applicable law or regulation, the forward-looking statements contained in this
document are made as of today's date, and the Group expressly disclaims any
obligation or undertaking to release publicly any updates or revisions to any
forward-looking statements contained in this document whether as a result of
new information, future events or otherwise. The information, statements and
opinions contained in this document do not constitute a public offer under any
applicable law or an offer to sell any securities or financial instruments or
any advice or recommendation with respect to such securities or financial
instruments.

 

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