It’s that time of year again when the UK’s largest banks release their annual results. Two common themes emerge:
Here is a summary of the 2018 results:
Annual profits of £1.39bn for 2018 boosted the share price and neutralise activist shareholders seeking to change the strategic direction of the bank.
As Europe’s largest bank, it failed to meet expectations but still produced a whopping $19.9bn in pre-tax profits.
Profits hit £4.4bn and is the UK’s most profitable bank based on its dividend returns to investors.
The government owned bank continues to make progress with pre-tax profits hitting £3.4bn.
Whilst key targets were missed, Santander increased mortgage lending and still managed to achieve pre-tax profits of £1.6bn.