Lloyds Banking Group reported on 27 April a decline in pretax profit for the first quarter of 2021, beating market views of a greater fall, and said that it has enhanced its guidance for the year as a whole.

The UK lender posted a pretax profit of £1.62bn ($2.04bn) compared with £1.90bn for the same period a year earlier. It was expected to fall to £1.43bn, according to the company's compiled consensus for the period.