The bank reports that just 0.6% of its employees at senior levels are Black. The bank has a target of around 170 more hires to hit the 3% figure.
Lloyds revealed this new commitment to its staff last week. Alongside its new target, the bank is releasing an ethnicity pay gap report later this year.
The bank will include candidates from a Black, Asian or minority ethnic (BAME) background for every executive director shortlist.
