FACTBOX-UK investments in RBS, Lloyds

Tue Nov 3, 2009 9:18am EST
 
[-] Text [+]
 LONDON, Nov 3 (Reuters) - Britain is to pump over 30 billion
pounds ($49 billion) more into two of its top banks, Royal Bank
of Scotland (RBS.L) and Lloyds Banking Group (LLOY.L).
 The government is sitting on a paper loss of over 10 billion
pounds on its 37 billion pound rescue deal in October 2008. Its
latest capital injection will lift its stake in RBS to 84
percent and keep its holding in Lloyds at 43 percent.
[ID:nL3540088] [ID:nL3565124]
 The following are details of the government's investment in
the two banks:
 
 DATE    BANK      NO OF    AVG PURCHASE  CURRENT    PAPER
               SHARES      PRICE       PRICE      LOSS
 Oct 08  RBS     39.6 bln     50.5p       35.3p      6 bln stg
 Oct 08  Lloyds  11.8 bln    122.6p       83.4p      4.6 bln stg
 Nov 09  RBS     B shares worth 25.5 billion stg
 Nov 09  RBS     Contingent B shares worth 8 billion stg*
 Nov 09  Lloyds  To spend 5.7 billion stg on rights issue**
 
 *RBS may replace some of the B shares with a rights issue,
Details not yet released.
 **Rights issue details not yet released. Government to
receive 2.5 billion pounds in an Asset Protection Scheme break
fee from Lloyds, so latest net investment is 3.2 billion pounds.
 (Compiled by Steve Slater and Paul Hoskins; Editing by Jon
Loades-Carter)

 

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