The bank increased its bonus pool for staff to
The bank also became the first to announce it would seek the necessary shareholder approval to lift the new EU bonus cap from 100 percent of its top executives' salary to 200 percent.
Gulliver said the results showed the progress the bank had made since he instituted a series of cost-cutting measures three years ago that have seen the lender's staff numbers reduced by 10pc.
"Today the Group is leaner and simpler than in 2011 with strong potential for growth. Our strong capital generation continues to support our progressive dividend policy and reinforces
The bank also revealed that 239 of its staff, 93 of whom are in the
The move will enable the bank to sidestep new European rules, which came into force in January, preventing bankers from being paid bonuses worth more than twice their salary.
TUC general secretary
"It would be great if banks put the same effort into lending to small businesses and investing in infrastructure as they do to getting round EU rules on boardroom bonuses," she said.
"Given the headline miss in the 2013 results, we would be surprised if there were not to be downgrades to our own and market consensus expectations for 2014 and beyond," he added, reported
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