Lloyds Bank discloses gender pay gap of 33 percent

[February 23, 2018]  LONDON (Reuters) - Lloyds Banking Group on Friday disclosed a gender pay gap of 32.8 percent, becoming the latest major British financial institution to say how the lack of women in senior roles is skewing average pay levels.

 A pedestrian passes the head office of the Lloyds Banking Group in central London August 5, 2009. REUTERS/Stefan Wermuth

The bank said it was the first FTSE 100 company to make a public commitment to have women fill 40 percent of senior roles by 2020.

"However, we do not want to stop here and recognize that there is still more work to do. We remain committed to our gender target and closing the pay gap,” a spokeswoman for the bank said.

Royal Bank of Scotland on Friday disclosed a gender pay gap of 37 percent. Barclays <BARC.L> this week disclosed a gap in its investment bank of 50 percent, drawing criticism from lawmakers.

(Reporting by Lawrence White; editing by Jason Neely)

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