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Lloyds Banking Group Research Report

About the Company

Lloyds Banking Group provides a wide range of financial and banking services and focuses on commercial and personal customers. Llyods is one of the largest British financial institutions whose registered office is in Edinburg and its operational headquarters is in London. This institute was founded in 2009 when Llyods TBS acquired HBOS. It operates under several distinct brands, that includes Scottish Widows, Bank of Scotland, Halifax, and Lloyds Bank. Today it has over 65,000 employees and 30 million customers worldwide. It is traded as:

  • LSE: LLOY
  • NYSE: LYG

It is the 19th-largest of any LSE-listed firms and has a secondary listing on the New York Stock Exchange. It has offices in the USA, Germany, Singapore, Jersey, Isle of Man, Guernsey, and the united kingdom.

Key People of Llyods

  • Charlie Nunn: Executive Director and Group Chief Executive
  • William Chalmers: Executive Director and Chief Financial Officer
  • Robin Budenberg: Chair
  • Alan Dickinson: Deputy Chairman and Senior Independent Director
  • Sarah Legg: Independent Director
  • Lord Lupton CBE: Independent Director
  • Amanda Mackenzie OBE: Independent Director
  • Nick Prettejohn: Independent Director
  • Stuart Sinclair: Independent Director
  • Catherine Woods: Independent Director
  • Nigel Hinshelwood: RFB Senior Independent Director
  • Sarah Bentley: RFB Independent Director
  • Brendan Gilligan: RFB Independent Director

Structure of Llyods

It mainly deals with the following 4 divisions:

  • Retail

The Retail division of the group is a leading provider of  Motor finance, insurance, mortgages, loans, credit cards, savings, and current accounts.

  • Commercial Banking

This division has a rich legacy of supporting economic prosperity and businesses of the nation, especially those in the Uk or who have links with the UK. They provide the customer with the supports that are needed to enhance efficiency, manage risk and grow.

  • Group Functions and Services 

Their vision is to become the best bank for customers. They provide group services day to day that includes technology provided, branch maintenance, telephone centers, and customers request. 

  • Wealth and Insurance

This division helps customers with their long-term investment, retirement, and protection needs. The insurance business is the largest in the United Kingdom. They provide car and home insurance, general insurance, investment, pensions, and life insurance services and products.

Brands of Llyods

The unique brand of Llyods Banking Group includes:

1. IWeb

It is an online service that deals with execution-only shares and aims at trade-savvy people who looks for the best possible price for the same. It offers Self-Invested Personal Pension (SIPP), Share Dealing Account, and Stocks and Shares ISA account.

2. AMC

It provides long-term mortgages for land, farm, and rural business redevelopment. Not only does it supports land purchasing but also in modernizing farming by supporting milk quotas, equipment, refurbished and new buildings, biofuels, wind turbines, irrigations, etc.

3. LDC

It is the Lloyds Banking Group’s private equity arm. It has invested £5.5 billion in businesses with mid-markets across all regions and sectors of the UK economy and supported over 650 management teams.

4. Birmingham Midshires

It offers the savers saving accounts with easy access, cash ISA’s, bonds on the phone, and online and fixed-term savings account. It is also a leading provider for specialist mortgages for self-build and buy-to-let clients through mortgage advisers.

5. Lex Autolease

It helps firm run their business vehicles be it small company car fleets or national companies with specialist commercial vehicles and is a member of BVRLA. BVRLA is responsible for promoting the sector as well as providing support and guidance to clients about fleet management services and their benefits.

6. Black Horse

Founded in 2001, Black Horse is the market leader for point of sale motor finance in the UK. It has 1 million customers that buy finance from 5000 motor dealers.

7. Schroders Personal Wealth

Despite being new in the industry it has 400 years of experience backing. It is a joint venture of two of the largest asset management and banking firm in the UK- Schroders and Lloyds Banking Group. They help in financial planning and give financial advice.

8. MBNA

MBNA always pioneered in providing clients with new payment methods, including digital wallets and contactless cards. Every day it facilitates 480,000 transactions and has MasterCard, Amex, and Visa terminal accepted all over the world. 

9. Scottish Widows

It was set up to take care of children and women who lost their brothers, husbands, and fathers in the Napoleonic War. It was founded in 1815 and even today looks after more than 6 million clients across the United Kingdom. Their products range from investments products, savings, annuities, individual and workplace pensions, income protection, critical illness as well as life cover. These services and products can be accessed through Halifax, Bank of Scotland, or Llyods Bank branches or even through independent financial advisers.

10. Bank of Scotland

It has been supporting communities, businesses, and the people of Scotland for 320 years. Bank of Scotland is a commercial and retail bank that is soaked in heritage. It is based in Edinburgh and is one of the oldest banking institutions.

11. Halifax

Their roots go back to building society but today they are a bank, They never forget that they are people who help people. This British bank trades as an operating division of the Bank of Scotland. It was founded as a building society in Halifax in West Yorkshire back in 1853.

12. Lloyds Bank

It serves, businesses, communities, and the people of Britain for the past 250 years. It has more than 1000 high street branches, telephone, and mobile banking, award-winning online services that are supported by a network of private banking and commercial banking relationship managers across Wales and England. They offer a wide range of financial services and products as per the needs of an individual like wealth management, private banking, credit cards, loans, mortgages, savings, and current accounts. Not only are they the biggest start-up finance provider for small businesses but also support financial institutions and large corporates.

Finances of Llyods

Lloyds bank Finances


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Kiara Dawson
Kiara Dawson comes from an Engineering background, with a specialization in Information Technology. She has a keen interest and expertise in Web Development, Data Analytics, and Research. She trusts in the process of growth through knowledge and hard work.

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