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New Facts about Lloyd Bank Profits

The Lloyds Banking Group welcomes again its return to its 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.

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 also returned ?21.2 billion towards the taxpayer and ?894 million more than its initial investment that includes over ?400 million in dividends.

The sale likewise marked on the successful delivery on the strategy of the group in transforming a simple and low risked and one to which is 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 is now strong, safe and likewise focused to meeting the fast changing needs of its customers. The group likewise is well placed to helping Britain to actually prosper and that this is considered as the largest digital bank in the UK and considered to be the highest payer of UK tax on its recent PwC Total Tax Contribution Survey for the 100 Group that contributes over ?11 billion since 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. 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 would be retail and commercial banking, general insurance and also 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. 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.