One of the UK's main banking groups reported a broadly robust set of figures for the first quarter of 2017.

Lloyds Banking Group today reported underlying profit for the three months to end-March of £2.083 billion, a rise of 1 per cent year-on-year, driven by higher income, cuts to operating costs and lower impairment charges.

Statutory profit before tax increased to £1.304 billion. Statutory profit after tax was £890 million and the return on tangible equity improved to 8.8 per cent (2016: 5.7 per cent).

The Group's CET1 ratio - a main measure of a bank's financial robustness under Basel bank capital rules - widened to 14.3 per cent (31 December 2016: 13.8 per cent).

Today's results gave few details on areas such as wealth management.