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.
The successful delivery of strategy has enabled the group in returning about more than ?21.2 billion to British taxpayers, which repays ?894 million that’s more than the original investment.
Lloyd Banking Group likewise welcome on the news which the government sold its remaining stake which returns on the group 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. 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 likewise returned to profitability in 2013 and this has resumed in paying dividends in the year 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, ambitious targets as a part of their 2017 Helping Britain Prosper Plan in order to help address pressing issues like housing shortage, lending to SMEs and apprenticeships and skills. By going on beyond the business as usual activities to empower people, businesses and communities, the group believes that this is actually well positioned to help Britain Prosper while they actually create sustainable value on the 2.5 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.
When you own a small business, the group will be able to provide the finance that you need in order to grow. If you wanted to achieve your dream to owning your first home, they could provide you with the right mortgage and if you wanted to learn and develop your career, they could help you through the apprenticeship opportunities which they could provide by 2020 all over 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.