New Facts about Lloyd Bank Profits
LLoyds Banking Group now welcomes its return to full private ownership and it also announces its continued commitment to help Britain Prosper.
The successful delivery of strategy has enabled the group in returning about more than ?21.2 billion to British taxpayers, which repays ?894 million that’s more than the original investment.
Lloyd Banking Group likewise welcome on the news which the government sold its remaining stake which returns on the group to 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. The fact that the government acquired its shares in 2009, the group the has repaired on its balance sheet, reduced on its cost base, cut on its complexity and international exposure, built and also sold TSB and likewise addressed legacy issues. 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. Through the case of going beyond the business as usual activities to empower people, businesses and communities, the group will then believe that this is well positioned to help Britain Prosper while they create sustainable value towards its 2.5 million 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 actually provides services in different 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 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.