The Different Modern Facts of the 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.
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.
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 also returned ?21.2 billion towards the taxpayer and ?894 million more than its initial investment that includes over ?400 million in dividends.
The sale likewise marked on the successful delivery on the strategy of the group in transforming a simple and low risked and one to which is 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 is now strong, safe and likewise focused to meeting the fast changing needs of its customers. Another thing is that the group is well placed in helping Britain to prosper and it is also considered as the largest digital bank in the UK tax for its recent PwC Total Tax Contribution Survey on the 100 Group which contributes over ?11 billion ever since the year 2010.
In this year, the group confirmed on their new and ambitious targets as a part of its 2017 Helping Britain Prosper Plan in order to help address pressing issues like the lending to SMEs and apprenticeships and skills and on housing shortages. Through going beyond the business as usual activities in empowering people, businesses and communities, the group then believes that it is well positioned in helping Britain Prosper while they create sustainable value on its 2.5 million shareholders.
The main business activities of the group would be retail and commercial banking, general insurance and also long-term savings, investment and protection. The group also provides different services in various well recognized brands.
If you ever own a small business, the group also gives the finance that you need in order to grow. If you wanted to achieve your dream to owning your first home, they could provide you with the right mortgage and if you wanted to learn and develop your career, they could help you through the apprenticeship opportunities which they could provide by 2020 all over 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.