Lloyds Banking Group plc – Company Information

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Lloyds Banking Group plc is a British financial services group that focuses on retail and commercial financial services.

The history of the company traces back to 1765 with the creation of Lloyds Bank – the fouth oldest bank in England.

The company’s main operations are retail, commercial and corporate banking, general insurance, and life, pensions and investment provision.

Lloyds currently operates the UK’s largest retail bank and the bank’s retail division is the largest provider of personal loans and one of the leading credit card issuers in the country.

In fact, according to Lloyds, approximately 33% of the money that flows through the UK economy every working day is processed by the group.

It runs names such as like Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.

Lloyds Banking Group plc is publicly listed on both the London Stock Exchange and the New York Stock Exchange.

Lloyds Banking Group plc – Company Overview

  • Lloyds Banking Group plc logoChairman: Lord Blackwell
  • CEO: António Horta Osório
  • Industry: Banking, financial services
  • Type: Public limited company
  • Listed on the London and New York Stock Exchanges.
  • NYSE stock symbol: LYG
  • LSE stock symbol: LLOY
  • Total income: £37.985 billion (2013)
  • Earnings (loss) per share: (1.2)p
  • Total assets: £847.030 billion (2013)
  • Founded: 1765 (Lloyds bank)
  • Headquarters: 25 Gresham Street, London, United Kingdom
  • Employees: 104,000 (2014)
  • Website: http://www.lloydsbankinggroup.com/
  • Head office contact number: +44 (0) 20 7626 1500
  • Subsidiaries: Lloyds Bank plc, TSB Bank plc, Bank of Scotland plc, Halifax

Lloyds Banking Group plc – Financial Results

Key figures (in £ million except for share data) 2013 2012
Net interest income £10,885 £10,335
Other income £7,920 £8,051
Total underlying income £18,805 £18,386
Total income £37,985 £38,913
Total income, net of insurance claims £18,478 £20,517
Underlying profit £6,166 £2,565
Profit (loss) before tax £415 £(606)
Loss for the year £(802) £(1,387)
Total assets £847,030 £934,221
Total equity £39,336 £42,581
Loss per share (in pence) (1.2)p (2.1)p

Source: “Lloyds Banking Group 2013 Results”

Lloyds Banking Group plc – Live Stock Market Data




News:

August 10, 2014: according to mortgage lender Halifax, which belongs to the Lloyds Banking Group, house prices in the UK rose by 10.2% (annually). After declining in June compared to May, prices rose by 1.4% over one month in July. During the May-Jul period prices increased by 3.6% over the Feb-Apr period. Since December last year, there have been four monthly gains and four monthly losses in house prices. Nationwide, which also published residential property figures, showed a slightly different trend.

July 31, 2014: Profit for the first six months of this year fell more than 50% to £574 million ($970.8 million) from £1.56 billion during the same period last year. The company has so far set aside £10.43 billion for mis-selling PPIs. Underlying profit, which excludes one off costs and provisions, rose 32% to to £3.82 billion, which pleased investors.

June 20, 2014: TSB’s IPO debut was ten times oversubscribed, triggering Lloyds Banking Group to increase the number of shares on sale from 125 million to 175 million, i.e. 35% of its stake rather than the originally planned 25%.

May 1, 2014: Lloyds says it plans to sell off TSB shares by the end of June 2014.


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