Lloyds Banking Group (NYSE: LYG) details 31 March 2026 capital structure
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Lloyds Banking Group plc provides an updated snapshot of its consolidated capital structure as at 31 March 2026. Ordinary shareholders’ equity was £42,072 million, with other equity instruments of £5,947 million and non-controlling interests of £212 million, giving total equity of £48,231 million.
Subordinated liabilities stood at £8,868 million, and total debt securities were £96,044 million, leading to total indebtedness of £104,912 million and overall capitalisation and indebtedness of £153,143 million. Most indebtedness is unsecured, though £18.5 billion of securitisation notes and covered bonds and £1.1 billion of asset-backed conduit debt are secured. On 16 April 2026 the Group issued an additional GBP 500 million of subordinated liabilities, with no material changes to the table since 31 March 2026.
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Key Figures
Total equity: £48,231 million
Ordinary shareholders’ equity: £42,072 million
Total indebtedness: £104,912 million
+5 more
8 metrics
Total equity
£48,231 million
Consolidated equity as at 31 March 2026
Ordinary shareholders’ equity
£42,072 million
Component of total equity at 31 March 2026
Total indebtedness
£104,912 million
Subordinated liabilities plus debt securities at 31 March 2026
Total capitalisation and indebtedness
£153,143 million
Consolidated Group figure at 31 March 2026
Subordinated liabilities
£8,868 million
As at 31 March 2026, before April issuance
Debt securities in issue at amortised cost
£91,884 million
Part of total debt securities at 31 March 2026
Secured indebtedness
£18.5 billion + £1.1 billion
Securitisation notes, covered bonds, and asset-backed conduit debt as of 31 March 2026
New subordinated issue
GBP 500 million
Subordinated liabilities issued on 16 April 2026
Key Terms
subordinated liabilities, IFRS, covered bonds, securitisation notes, +1 more
5 terms
subordinated liabilities financial
"In accordance with IFRS, certain preference shares are classified as debt and are included in subordinated liabilities in the table below."
IFRS financial
"In accordance with IFRS, certain preference shares are classified as debt and are included in subordinated liabilities in the table below."
International Financial Reporting Standards (IFRS) are a set of common accounting rules used by many companies worldwide to prepare financial statements, so numbers like revenue, profit and assets are measured in the same way across borders. For investors, IFRS matters because it makes it easier to compare the financial health and performance of different companies—like using the same ruler to measure different objects—reducing surprises and helping informed investment decisions.
covered bonds financial
"all indebtedness was unsecured except for £18.5 billion of securitisation notes and covered bonds and £1.1 billion of debt securities"
securitisation notes financial
"all indebtedness was unsecured except for £18.5 billion of securitisation notes and covered bonds and £1.1 billion of debt securities"
asset-backed conduits financial
"£1.1 billion of debt securities issued by the Group’s asset-backed conduits."
FAQ
What capitalisation level does Lloyds Banking Group (LYG) report as of 31 March 2026?
Lloyds Banking Group reports total capitalisation and indebtedness of £153,143 million as of 31 March 2026. This figure combines total equity of £48,231 million and total indebtedness of £104,912 million, giving investors a clear view of the Group’s overall capital structure.
How much equity does Lloyds Banking Group (LYG) show in this 6-K filing?
The Group shows total equity of £48,231 million as at 31 March 2026. This includes ordinary shareholders’ equity of £42,072 million, other equity instruments of £5,947 million, and non-controlling interests of £212 million, reflecting the consolidated equity base.
What is the level of indebtedness reported by Lloyds Banking Group (LYG)?
Total indebtedness is reported at £104,912 million as of 31 March 2026. This consists of subordinated liabilities of £8,868 million and total debt securities of £96,044 million, summarising the Group’s consolidated borrowing position at that date.
How much subordinated debt and secured funding does Lloyds Banking Group (LYG) have?
Subordinated liabilities total £8,868 million at 31 March 2026, with an additional GBP 500 million issued on 16 April 2026. Secured indebtedness includes £18.5 billion of securitisation notes and covered bonds and £1.1 billion of debt securities issued by asset-backed conduits.
Has there been any material change in Lloyds Banking Group’s (LYG) capitalisation since 31 March 2026?
The company states there has been no material change in the capitalisation and indebtedness information since 31 March 2026. Apart from issuing GBP 500 million of subordinated liabilities, there have been no redemptions or further issuances of key capital instruments.
Are Lloyds Banking Group’s (LYG) debt securities largely secured or unsecured?
As of 31 March 2026, all indebtedness is unsecured except for £18.5 billion of securitisation notes and covered bonds and £1.1 billion of debt securities from asset-backed conduits. This indicates most of the Group’s borrowing is not backed by specific collateral.