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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/bailedout-lloyds-has-22bn-profit.jpg"><img class="alignnone size-full" title="Outgoing chief executive of Lloyds Banking Group, Eric Daniels, is getting a 1.45 million pound bonus for 2010" src="http://londonglossy.com/wp-content/uploads/2011/02/min-bailedout-lloyds-has-22bn-profit.jpg" alt="Outgoing chief executive of Lloyds Banking Group, Eric Daniels, is getting a 1.45 million pound bonus for 2010"/></a></p>
<p>Part-nationalised Lloyds Banking Group has revealed its first annual profit since being bailed out at the height of the financial crisis.</p>
<p>The group, which is 41% owned by the taxpayer, reported pre-tax profits of £2.2 billion &#8211; a marked improvement on the £6.3 billion loss in 2009.</p>
<p>The bank&#8217;s bad debt losses narrowed in 2010 to £13 billion, from £23 billion the previous year, but it saw an increase in international impairment charges driven by the impact of the Irish debt crisis.</p>
<p>Lloyds has already revealed its bonus plans, with outgoing chief executive Eric Daniels being awarded £1.45 million for 2010.</p>
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