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.
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 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 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 now is safe, strong and is likewise focused to meeting the changing needs of clients. 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 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 would be retail and commercial banking, general insurance and also long-term savings, investment and protection. The group in fact provides services at various 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.