Lloyds Banking Group PLC (LSE:LLOY)
£ 0.5422 -0.0024 (-0.44%) Market Cap: 32.55 Bil Enterprise Value: 55.16 Bil PE Ratio: 7.83 PB Ratio: 0.72 GF Score: 41/100

Lloyds Banking Group PLC at Bank of America Merrill Lynch Financials CEO Conference (Virtual) Transcript

Sep 22, 2020 / 01:50PM GMT
Release Date Price: £0.2429 (+1.29%)
Rohith Chandra;Rajan
BofA Merrill Lynch, Research Division - Director & Senior Analyst

Good afternoon, everybody. Thank you very much for joining us for the discussion with Lloyds. (Operator Instructions)

So with that, I'm very pleased to welcome William Chalmers, CFO of Lloyds Banking Group. Afternoon, William. Thank you very much for joining us.

William Leon David Chalmers
Lloyds Banking Group plc - CFO & Executive Director

My pleasure, Rohith, thank you very much for inviting me.

Questions & Answers

Rohith Chandra;Rajan;William Leon David Chalmers<
BofA Merrill Lynch, Research Division - Director & Senior Analyst

If we can just, I guess, dive into strategy. You talked about the ROT rebuilding to above the cost of equity in perhaps 2 to 3 years' time, even in the current rate environment. I'm just wondering if you could talk through the building blocks to get there and also what you consider to be an appropriate cost of equity?

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