SHARE-BASED PAYMENTS (Tables)

12 Months Ended

Dec. 31, 2019

SHARE-BASED PAYMENTS (Tables) [Line Items]

Charges to Income Statement [text block]

The charge to the income statement is set out below:

	2019		2018		2017
	£m		£m		£m
Deferred bonus plan		261		325		313
Executive and SAYE plans:
Options granted in the year		16		14		17
Options granted in prior years		59		71		81
		75		85		98
Share plans:
Shares granted in the year		17		16		17
Shares granted in prior years		20		17		9
		37		33		26
Total charge to the income statement		373		443		437

Disclosure Of Share Based Payments Movements [text block]

Movements in the number of share options outstanding under the SAYE schemes are set out below:

	2019						2018
				Weighted						Weighted
				average						average
	Number of			exercise price			Number of			exercise price
	options			(pence		)	options			(pence		)
Outstanding at 1 January		802,994,918			49.30			860,867,088			51.34
Granted		487,654,212			39.87			188,866,162			47.92
Exercised		(27,303,963	)		51.23			(135,721,404	)		59.00
Forfeited		(15,830,204	)		48.69			(22,909,999	)		49.85
Cancelled		(130,068,149	)		49.03			(78,073,042	)		50.66
Expired		(49,352,741	)		58.74			(10,033,887	)		55.20
Outstanding at 31 December		1,068,094,073			44.55			802,994,918			49.30
Exercisable at 31 December		227,139			60.70			68,378			60.02

	2019						2018
				Weighted						Weighted
				average						average
	Number of			exercise price			Number of			exercise price
	options			(pence		)	options			(pence		)
Outstanding at 1 January		10,263,028			Nil			14,523,989			Nil
Granted		2,336,171			Nil			3,914,599			Nil
Exercised		(4,455,481	)		Nil			(6,854,043	)		Nil
Vested		(69,005	)		Nil			(148,109	)		Nil
Forfeited		(39,250	)		Nil			(662,985	)		Nil
Lapsed		(400,825	)		Nil			(510,423	)		Nil
Outstanding at 31 December		7,634,638			Nil			10,263,028			Nil
Exercisable at 31 December		2,683,267			Nil			3,305,442			Nil

Disclosure Of Share Based Payments Assumptions [text block]

The fair value calculations at 31 December 2019 for grants made in the year, using Black-Scholes models and Monte Carlo simulation, are based on the following assumptions:

			Executive
			Share Plan
	Save-As-You-Earn		2003		LTIP		CFO Buyout
Weighted average risk-free interest rate		0.36%		0.62%		0.83%		0.64%
Weighted average expected life		3.2 years		1.3 years		3.7 years		1.4 years
Weighted average expected volatility		20%		23%		27%		19%
Weighted average expected dividend yield		4.0%		4.0%		4.0%		4.0%
Weighted average share price		£0.53		£0.62		£0.63		£0.58
Weighted average exercise price		£0.40		Nil		Nil		Nil

Lloyds Banking Group Executive Share Plan 2006 [Member]

SHARE-BASED PAYMENTS (Tables) [Line Items]

Disclosure Of Share Based Payments Movements [text block]

	2019			2018
	Number of			Number of
	shares			shares
Outstanding at 1 January		417,385,636			370,804,915
Granted		174,490,843			160,586,201
Vested		(88,318,950	)		(73,270,301	)
Forfeited		(55,029,439	)		(48,108,870	)
Dividend award		11,376,655			7,373,691
Outstanding at 31 December		459,904,745			417,385,636

CFO Buyout [Member]

SHARE-BASED PAYMENTS (Tables) [Line Items]

Disclosure Of Share Based Payments Movements [text block]

	2019
	Number of
	shares
Outstanding at 1 January	–
Granted		4,086,632
Exercised		(818,172	)
Outstanding at 31 December		3,268,460