Lloyds Banking Group

Lloyds Banking Group plc is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees.[3] The Group's heritage extends over 320 years, dating back to the founding of the Bank of Scotland by the Parliament of Scotland in 1695.[4]

Lloyds Banking Group plc
FormerlyLloyds TSB Group plc
TypePublic limited company
Founded16 January 2009; 12 years ago (2009-01-16)[note 1]
Area served
United Kingdom
Key people
Robin Budenberg (chairman)
Charlie Nunn (chief executive)
Revenue £15.126 billion (2020)[1]
£1.226 billion (2019)[1]
£1.387 billion (2020)[1]
Total assets £871.269 billion (2020)[1]
Total equity £43.278 billion (2020)[1]
Number of employees
65,000 (2021)[2]
  • Retail
  • Commercial Banking
  • Insurance and Wealth
Footnotes / references
  1. "Lloyds Banking Group". SEC. Retrieved 6 December 2020. Lloyds Banking Group uses the phrase "the group was formed in January 2009"

The Group's headquarters are located at 25 Gresham Street in the City of London, while its registered office is on The Mound in Edinburgh. It also operates head office sites in Birmingham, Bristol, West Yorkshire and Glasgow.[5] The Group also has extensive overseas operations in the US, Europe, the Middle East and Asia. Its headquarters for business in the European Union is in Berlin, Germany.[6]

The business operates under a number of distinct brands, including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Former Chief Executive António Horta-Osório told The Banker, "We will keep the different brands because the customers are very different in terms of attitude".[7]

Lloyds Banking Group is listed on the London Stock Exchange (LSE) and is a constituent of the FTSE 100 Index. It had a market capitalisation of approximately GB£27.1 billion as of 1 December 2020 — the 19th-largest of any LSE listed company[8] — and has a secondary listing on the New York Stock Exchange.