Foreign exchange trading income at Lloyds Bank fell by 17.2 per cent in 1993, to £116 million from £136 in 1992, according to the bank's annual report. Dealing profits as a whole, however, rose from £175 million in 1992 to £207 million last year, due to a near-tripling of securities gains, the bank reports. Overall the bank had a good year, posting a 29 per cent year-over-year rise in pre-tax profits to £1.03 billion for 1993.

Robust earnings from trading and commissions and modest expense

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