The lender took a further provision in the fourth quarter for a potential hit linked to its motor finance business, leading its pretax profit to miss expectations.

Lloyds Banking Group reported full-year profit below expectations on Thursday, weighed down by money it set aside for potential consumer redress in relation to a motor finance probe.

Lloyds Banking Group Q4 results show strong trends with net interest margin growth and resilient assets. See why we believe LYG stock is a buy.