2017 Facts about Lloyds 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.
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 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. 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 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 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 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 in fact provides services at various 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 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.