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.
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 obtained its shares in 2009, the group repaired its balance sheet, reducing cost base, cutting the complexity and international exposure, building and selling TSB and addressed on legacy issues. The group likewise returned to profitability in 2013 and this has resumed in paying dividends in the year 2014.
Today, the group now is safe, strong and is likewise focused to meeting the changing needs of clients. 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. 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 in fact provides services at various well recognized brands.
If you ever own a small business, the group also gives the finance that you need in order to grow. When you wish to achieve your dream of owning your first home, they likewise would help you through the apprenticeship opportunities which they could give on the year 2020 across the UK. There in fact are five areas in focusing which have been identified as the biggest economic and social challenges which the group can respond, which will include develop new environmental target.