Britain's state-rescued bank Lloyds said Thursday that it cut net losses in 2013 to £838 million ($1.39 billion, 1.01 billion euros). That compared with a loss after taxation of £1.471 billion in 2012, Lloyds said in a results statement, adding that its chief executive Antonio Horta-Osorio was in line for a deferred shares bonus of £1.7 million for 2013.