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Lloyds Banking Group says it has returned to profit for the first three months of this year.The company, which is 41%-owned by the taxpayer, says it is expecting to continue to make profits throughout the rest of the year.
It says the rate of "impairments" - essentially bad debts - has improved and this should mean it makes more money than previously predicted.
Lloyds says customers remained keen to deposit money.
However, it says that the amount it is lending out has not changed since last year.This article is from the BBC News website. ? British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.