2017 Facts about Lloyds Bank Profits
Lloyds Banking Group now has welcomed its return towards full private ownership and it likewise announces its continued commitment in helping 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 also welcomes the news that the Government sold its remaining stake that returns the Group towards its full private ownership. The sale likewise have returned about ?21.2 billion to the taxpayers and ?894 million more than its initial investment that includes about ?400 million on the 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 has returned to profitability in 2013 and also resumed 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 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 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 actually are five areas on focusing that have been identified as the biggest social and economic challenges that the group may respond that includes develop new environmental targets.