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 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 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. 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 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 are retail and commercial banking, general insurance and long-term savings, protection and investment. The group actually provides services in different well recognized brands.
When you own a small business, the group will be able to provide 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 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.