Business Context and Reporting Period
This Form 6-K filing by Lloyds TSB Group plc (now Lloyds Banking Group Plc) is dated August 3, 2006. The report serves as a Regulatory News Service Announcement regarding a specific operational change to the bank'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.
Material Changes
Lloyds TSB Bank plc announced an increase in its Base Rate from 4.5 per cent to 4.75 per cent. This change applies to balances as at the close of business on August 3, 2006, and remains in effect until further notice.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the immediate rate change. No unusual items were reported.
Investor Verification Checklist
- Verify the effective date of the Base Rate increase (August 3, 2006).
- Confirm the new Base Rate level (4.75 per cent).
- Review subsequent filings for the impact of this rate change on net interest margins and profitability.