The Different Modern Facts of the Lloyd 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.
A successful delivery of strategy has enabled the group in returning more than ?21.2 billion to the British taxpayer that repays ?894 million more than its original investment.
The Lloyds Banking Group likewise welcomes the news today that the government sold its remaining stake that returns the group back again to its full private ownership. The sale likewise returned ?21.2 billion to its taxpayers and about ?894 million more than the initial investment which also includes over about ?400 million in 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 also has returned profitability in 2013 and it has returned in paying dividends in 2014.
Today, the group is now strong, safe and likewise focused to meeting the fast changing needs of its customers. The group also is well placed in helping Britain to prosper, it is also considered to be the largest digital bank the UK and the highest payer of UK tax in the recent PwC Total Tax Contribution Survey on the 100 Group that contributes over ?11 billion since the year 2010.
In this year, the group confirmed new and ambitious targets as a part of the 2017 Helping Britain Prosper Plan in helping to address pressing issues like housing shortage, lending to SMEs and apprenticeships and on 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 are retail and commercial banking, general insurance and long-term savings, protection and investment. The group in fact provides services at various well recognized brands.
If you own a small business, the group likewise will give the finance which you need for you 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 actually are five areas on focusing that have been identified as the biggest social and economic challenges that the group may respond that includes develop new environmental targets.