EDINBURGH May 15 Lloyds Banking Group
is not currently preparing to leave Scotland if it votes for
independence from the rest of the United Kingdom, Chairman
Norman Blackwell told shareholders at the bank's annual meeting
Lloyds, which owns Bank of Scotland and has its registered
offices in Edinburgh, has warned that a vote for independence
will impact its cost of funding, taxes and compliance costs.
"We are not at this point planning any moves because we
don't know what the result will be. If they were to vote for
independence we will seek to work with relevant authorities to
ensure we have a way forward to achieve our core purposes of
serving customers across the UK," Blackwell said.
(Reporting by Matt Scuffham; Editing by Steve Slater)