Profile: Lloyds Banking Group PLC (LYG.N)
21 Nov 2017
Lloyds Banking Group plc, incorporated on October 21, 1985, is a provider of financial services to individual and business customers in the United Kingdom. The Company's main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company's segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other. The Company provides its services under various brands, including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows, and through a range of distribution channels, including the branch network and digital bank in the United Kingdom. The Company provides a range of banking and financial services through branches and offices in the United Kingdom and overseas. Its other brands include Colleys, Lex Autolease, AMC, Black Horse, Birmingham Midshires and LDC.
Colleys is engaged in valuation and surveying businesses. AMC provides long term mortgages for land and redeveloping farming and rural based businesses. Bank of Scotland offer a range of financial products and services, such as current accounts, savings, mortgages, loans, credit cards, to private banking and wealth management services. Birmingham Midshires offers savings solutions and specialist mortgages for buy-to-let and self-build through mortgage advisors. LDC is a mid-market private equity house. Scottish Widows' product range includes life cover, critical illness, income protection, pensions, annuities, savings and investment products. Customers can access Scottish Widows' products and services through independent financial advisors, directly, and through all Lloyds Bank, Bank of Scotland and Halifax branches.
The Retail segment offers a range of financial service products, including current accounts, savings and mortgages, to the United Kingdom personal customers, including wealth and small business customers. It is also a distributor of insurance and a range of long-term savings and investment products.
The Commercial Banking segment supports the United Kingdom businesses from small and medium-sized enterprises (SMEs) to large corporates and financial institutions. It provides clients with a range of products and services, such as lending, transactional banking, working capital management, risk management, debt capital markets services, as well as access to private equity through Lloyds Development Capital.
The Consumer Finance segment offers consumer lending products, including motor finance, credit cards, and unsecured personal loans along with its European business. It also includes Black Horse and Lex Autolease, as well as its mortgage and deposit taking businesses in Germany and the Netherlands. Its Cards business is made up of consumer credit cards, commercial cards and Cardnet. Cardnet enables retailers and merchants to accept electronic payments for their goods and services. It offers unsecured personal loans to franchise customers across its three retail brands. Black Horse provides motor finance loans to finance new and used cars, caravans, motor homes and motorbikes. Lex Autolease is a fleet management and leasing specialist, which manages more than 330,000 cars and commercial vehicles across the United Kingdom.
The Insurance segment provides a range of protection, pension and investment products to meet the needs of its customers. The Insurance segment consists of Life, Pensions and Investments business, and provides long-term savings, protection and investment products. Its products are offered through financial advisers and through its Retail segment through the brands of Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. The General Insurance business provides home insurance in the United Kingdom, with products sold through its branches, direct channels and corporate partners.
Lloyds Banking Group PLC
25 Gresham Street
LONDON EC2V 7HN
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