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Greenwood had feared that Lloyds might announce an additional mis-selling provision in excess of 2 billion pounds. For the first nine months of the year, Lloyds said it had narrowed its net loss by 64 percent to 1.0 billion pounds. Non-core assets were reduced by 31 billion pounds to 110 billion pounds, ahead of full-year guidance. "We remain confident that, by delivering our strategy to be a simple, customer-focused U.K. retail and commercial bank, we can rebuild the trust of our customers and other stakeholders and can deliver sustainable returns for our shareholders over time," said Chief Executive Antonio Horta-Osorio.
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