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.
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.
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 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 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 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, 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 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 are retail and commercial banking, general insurance and long-term savings, protection and investment. The group actually provides services in different 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 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.