(Click on the chart for a larger image)
Lloyds TSB reported a 16 percent increase in customer lending last year. The bank doesn't seem to have crunched that much credit. I wonder what is behind that startling growth rate?
The bank continues to have quite a large customer funding gap (deposits minus loans).
However, there is some good news, customer deposit volumes are up slightly. Did they take anything from their sister bank - HBOS?