Lloyds Banking Group has released its Q3 2023 Interim Management Statement, reporting a robust financial performance and strong capital generation in the first nine months of the year. The bank's net income grew by 7% to £13.7 billion, with a strong return on tangible equity of 16.6%. Underlying net interest income increased by 10% to £10.4 billion, while underlying other income rose by 8% to £3.8 billion. Operating costs were in line with expectations, increasing by 5% to £6.7 billion. The bank's impairment charge was £0.8 billion, reflecting stable credit trends and resilient asset quality. Loans and advances to customers decreased by £2.8 billion to £452.1 billion, while customer deposits decreased by £5.0 billion to £470.3 billion. Lloyds reaffirmed its 2023 guidance, including a return on tangible equity of greater than 14% and capital generation of approximately 175 basis points.