Home / Business and Economy / TSB Profits Up 21% Amid Consumer Caution
TSB Profits Up 21% Amid Consumer Caution
7 Feb
Summary
- TSB reported a 21% profit increase to £350m in 2025.
- Customer lending remained flat amid challenging market conditions.
- Consumers are described as cautious yet resilient due to economic uncertainty.
TSB reported a significant 21% increase in profits, reaching £350 million for the full year 2025. This performance was bolstered by an improved net interest margin, indicating a wider gap between lending rates and savings rates.
Despite the profit growth, the bank noted that customer lending was 'broadly flat' at £36 billion. This stagnation reflects a 'challenging' market and a general sentiment of caution among UK consumers.
Economic conditions in 2025 saw rising unemployment and weakening economic growth. These factors contribute to consumers remaining 'cautious, yet resilient,' according to a TSB spokesman.
