Eric Daniels, chief executive officer (CEO) of Lloyds Banking Group, has agreed to waive his £2.3m bonus for 2009.
He is one of a number of high-profile bankers to have recently agreed to waive the additional payment.
Stephen Hester, CEO at the Royal Bank of Scotland, and John Varley, CEO at Barclays, have both announced they would not be accepting a bonus.
However, the head of Lloyds is still expected to receive an annual salary of more than £1m.
Win Bischoff, chairman at Lloyds, said that the remuneration committee at Lloyds decided that Mr Daniels deserved a full bonus payment.
However, “Mr Daniels has informed the board ... that he wishes to waive his bonus, the second consecutive year that he has done”, he explained.
“Mr Daniels has taken this action because he believes that the excellent progress the group is making, based on the considerable contribution of many colleagues across the company is in danger of being obscured by the current debate on executive bonus awards in the banking sector.”
Lloyds is reported to be preparing to pay a bonus pool of more than £200 million to top executives.
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