Lessons Learned About Funds

2017 Facts about Lloyds Bank Profits

The Lloyds Banking Group welcomes again its return to its full private ownership and it also announces its continued commitment to help Britain Prosper.

Successful delivery of strategy then enabled the group to return about more than ?21.2 billion towards British taxpayers that repays ?894 million that’s found to be more than the original investment.

The Lloyds Banking Group also welcomes the news that the Government sold its remaining stake that returns the Group towards its full private ownership. The sale likewise have returned about ?21.2 billion to the taxpayers and ?894 million more than its initial investment that includes about ?400 million on the dividends.

The sale also marks on the successful delivery of the strategy of the group in transforming to a simple, low risked and UK focused retail and commercial bank. Because the government first obtained shares in 2009, the group then repaired its balance sheet, reduced on its cost base, built and sold TSB, addressed legacy issues and cut on complexity and international exposure. The group has returned to profitability in 2013 and also resumed paying dividends in 2014.

Today, the group now is safe, strong and is likewise focused to meeting the changing needs of clients. The group likewise is well placed to helping Britain to actually prosper and that this is considered as the largest digital bank in the UK and considered to be the highest payer of UK tax on its recent PwC Total Tax Contribution Survey for the 100 Group that contributes over ?11 billion since 2010.

In this year, the group confirmed new, ambitious targets as a part of their 2017 Helping Britain Prosper Plan in order to help address pressing issues like housing shortage, lending to SMEs and apprenticeships and skills. By going on beyond the business as usual activities to empower people, businesses and communities, the group believes that this is actually well positioned to help Britain Prosper while they actually create sustainable value on the 2.5 shareholders.

The main business activities of the group actually are retail and commercial banking, general insurance and in long-term savings, investment and protection. The group also provides different services in various well recognized brands.

When you own a small business, the group will be able to provide the finance that you need in order to grow. When you wish to achieve your dream in owning your very first home, they will be able to give you the right mortgage and when you wish to learn and develop your career, they also will help you through the apprenticeship opportunities that they will provide by 2020 across the UK. There are five areas of focus to which have been identified as the biggest economic and social challenges that the group could respond, which includes developing new environmental target.