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.
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 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 likewise marked its successful delivery on the strategy of the group to transform a simple, low risked and one that is a UK focused 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 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. 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 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 actually are retail and commercial banking, general insurance and in 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. 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 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.