On Tuesday, Lloyds Banking Group PLC stated that the profits for the third quarter have been good, with the growth of income and fall of costs and impairments.

The bank also mentioned that it `remains well-positioned' to qualify for the new Basel III capital standards.

In the month of June, public and central bank sources helped to stand by GBP132 billion.

It is worth mentioning that it is not necessary for the U. K. banks to provide statistics of the third quarter updates to the investors.

In spite of showing good results from the bank, the experts are concerned about the recent drop in the cost of houses and the dwindling economic condition in the nation.

Chief Executive Eric Daniels in a statement stated, "Core income growth, margin improvement, integration savings, funding progress and balance sheet reduction all remain on target, giving us confidence that we will deliver a good financial performance for the current financial year".

Lloyds shares fall 1 pence, or 0.8%, at 69 pence at 0915 GMT. The banks said that the capital ratios were quite strong and high as compared to those reported in the month of June.

Mr. Daniels said that the boost in the margins is to some extent because of the Bank's decision to refinance itself in the public markets.

The present CEO of the bank confirmed on September that he wishes to retire next year and the Company has already started looking for a suitable replacement.