Business Context and Reporting Period
This Form 6-K filing by Lloyds TSB Group plc (now Lloyds Banking Group Plc) is dated October 8, 2008. The document serves as a regulatory news service announcement regarding a specific operational change to the company's Base Rate.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. The document is limited to an announcement of a rate adjustment and does not contain financial statements or performance metrics.
Material Changes
The primary material change disclosed is a reduction in the Base Rate for Lloyds TSB Bank plc:
- Previous Rate: 5.0%
- New Rate: 4.5%
- Effective Date: Balances as at the close of business on October 8, 2008
- Duration: Until further notice
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies beyond the immediate rate change. No unusual items are reported in this specific announcement.
Investor Verification Checklist
- Verify the impact of the 0.5% Base Rate reduction on net interest margins and loan yield.
- Confirm the effective date of the rate change for specific customer account types.
- Review subsequent filings for broader financial performance data, as this document contains no financial results.