In its Interim Management Statement the Group says it has made excellent progress on funding and has been able to voluntarily accelerate repayments of central bank loans.
The Group says that having exceeded its initial full year public term issuance plans of £25bn by the end of September, it has subsequently issued a further £2.5bn of public term issuance.
It has also raised approximately £11bn in private issuance.
The report states: “As a result of our funding plans, we have been able to voluntarily accelerate repayments of certain central bank facilities.”
The Group also reported that, in line with the first half, there was good growth in retail primarily a result of the continued migration of mortgage business onto standard variable rate products.
And higher new business mortgage margins as assets are priced to more appropriately reflect risk and funding costs.
The demand for new lending remains subdued but gross mortgage lending during the Q3 was up on the same period last year.
New mortgage lending continues to be focused on supporting the home mover and first time buyer markets, and so far this year Lloyds has leant to 35,000 first time buyers.
The Group has also delivered good underlying income growth in its core business on a combined businesses basis in Q3, excluding the impact of liability management exercises.
Eric Daniels, outgoing group chief executive of Lloyds, says: “I am pleased to report that we had a good Q3 in our core business as we continue to deliver against the group guidance we provided at the interims.
“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.”
It also says that mortgage arrears and repossessions have remained stable and that it is comfortable it will meet the Basel III capital requirements.