The bank - Britain's biggest mortgage lender - revealed earnings of £6.9bn for the 12 months, matching the sum achieved in 2021.
The earnings were largely damaged by a £1.5bn provision for bad loans that was booked by the bank over the course of the year - £500m of it in the final quarter. Its annual report - released separately - showed that the workforce would be rewarded with bonuses totalling £446m. Chief executive, Charlie Nunn, would take £1.33m of that sum, the document said, plus a long term share plan award of 150% of salary.
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