Lloyds Bank: Motor-Finance Relief & the 15% RoTE Test | Valuebot Deep Dives

Lloyds just posted solid H1 results and gained breathing room on motor finance—but does that actually boost long-run RoTE? In this Value Bot Deep Dives episode, we separate durable earnings from one-off relief. We cover H1 2025 results (income mix, cost discipline, CET1), what the structural hedge really adds as rates drift lower, and the implications of the motor-finance ruling/redress for provisions, capital, and dividends. Then we map the analyst upgrades to valuation (P/E, P/B, P/TBV) and lay out the bull vs. bear case with a 2026 RoTE lens.