SHARE-BASED PAYMENTS (Tables)

12 Months Ended

Dec. 31, 2018

SHARE-BASED PAYMENTS (Tables) [Line Items]

Charges to Income Statement [text block]

The charge to the income statement is set out below:

	2018 £m		2017 £m		2016 £m
Deferred bonus plan		325		313		266
Executive and SAYE plans:
Options granted in the year		14		17		16
Options granted in prior years		71		81		138
		85		98		154
Share plans:
Shares granted in the year		16		17		15
Shares granted in prior years		17		9		7
		33		26		22
Total charge to the income statement		443		437		442

Disclosure Of Share Based Payments Assumptions [text block]

The fair value calculations at 31 December 2018 for grants made in the year, using Black-Scholes models and Monte Carlo simulation, are based on the following assumptions:

	Save-As-You-Earn		Executive Share Plan 2003		LTIP
Weighted average risk-free interest rate		0.96%		0.74%		0.94%
Weighted average expected life		3.3 years		1.3 years		3.7 years
Weighted average expected volatility		28%		21%		29%
Weighted average expected dividend yield		4.0%		4.0%		4.0%
Weighted average share price		£0.59		£0.58		£0.67
Weighted average exercise price		£0.48		Nil		Nil

Save-as-you-earn [Member]

SHARE-BASED PAYMENTS (Tables) [Line Items]

Disclosure Of Share Based Payments Movements [text block]

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

	2018						2017
	Number of options			Weighted average exercise price (pence		)	Number of options			Weighted average exercise price (pence		)
Outstanding at 1 January		860,867,088			51.34			678,692,896			51.76
Granted		188,866,162			47.92			268,653,890			51.03
Exercised		(135,721,404	)		59.00			(13,119,229	)		55.58
Forfeited		(22,909,999	)		49.85			(18,545,569	)		51.70
Cancelled		(78,073,042	)		50.66			(41,211,075	)		52.77
Expired		(10,033,887	)		55.20			(13,603,825	)		56.98
Outstanding at 31 December		802,994,918			49.30			860,867,088			51.34
Exercisable at 31 December		68,378			60.02			–			–

	2018						2017
	Number of options			Weighted average exercise price (pence		)	Number of options			Weighted average exercise price (pence		)
Outstanding at 1 January		14,523,989			Nil			218,962,281			Nil
Granted		3,914,599			Nil			5,466,405			Nil
Exercised		(6,854,043	)		Nil			(104,967,667	)		Nil
Vested		(148,109	)		Nil			–			–
Forfeited		(662,985	)		Nil			(81,883	)		Nil
Lapsed		(510,423	)		Nil			(104,855,147	)		Nil
Outstanding at 31 December		10,263,028			Nil			14,523,989			Nil
Exercisable at 31 December		3,305,442			Nil			7,729,919			Nil

Lloyds Banking Group Executive Share Plan 2003 [Member]

SHARE-BASED PAYMENTS (Tables) [Line Items]

Disclosure Of Share Based Payments Movements [text block]

	2018 Number of shares			2017 Number of shares
Outstanding at 1 January		370,804,915			358,228,028
Granted		160,586,201			139,812,788
Vested		(73,270,301	)		(57,406,864	)
Forfeited		(48,108,870	)		(73,268,966	)
Dividend award		7,373,691			3,439,929
Outstanding at 31 December		417,385,636			370,804,915