May 04, 2016 6:55 AM ET

Banks

Company Overview of Lloyds Bank plc

Company Overview

Lloyds Bank plc provides a range of banking and financial products and services in the United Kingdom and internationally. It operates through four segments: Retail, Commercial Banking, Consumer Finance, and Insurance. The Retail segment offers a range of financial service products, including current accounts, savings, personal loans, and mortgages to retail customers comprising wealth and small business customers. This segment also distributes insurance products, protection and credit cards, and a range of long-term savings and investment products. The Commercial Banking segment provides products, such as lending, global transaction banking, financial markets, and debt capital markets and p...

25 Gresham Street

London,  EC2V 7HN

United Kingdom

Founded in 1765

85,703 Employees

Phone:

44 20 7626 1500

Key Executives for Lloyds Bank plc

Group Chief Executive and Executive Director
Age: 51
Chief Financial Officer, Group Finance Director and Executive Director
Age: 52
Chief Executive of Commercial Banking
Head of Shipping
Head of Consumer, Healthcare & Pharmaceutical and Managing Director
Compensation as of Fiscal Year 2015.

Lloyds Bank plc Key Developments

HBOS plc and Lloyds Bank plc Announce Final Results of Exchange Offer

Lloyds Banking Group plc announced the expiration and final results of its previously announced exchange offer for specified series of outstanding subordinated debt securities issued by HBOS plc and Lloyds Bank plc. The terms and conditions of the Exchange Offer are set forth in the Exchange Offer Memorandum dated 23 November 2015. Based on information provided by the Exchange Agent, approximately $1.44 billion aggregate principal amount of Old Notes were validly tendered and not validly withdrawn by 11:59 p.m., New York City time, on 21 December 2015, as more fully set forth below. This amount includes $25,837,000 aggregate principal amount of the 2020 Old Notes and $501,000 aggregate principal amount of the 2033 Old Notes tendered after 5:00 p.m., New York City time, on 7 December 2015 but prior to the Expiration Deadline and accepted for exchange. This is in addition to the previously accepted amounts on 10 December 2015 of $1,133,093,000 aggregate principal amount of the 2020 Old Notes and $283,386,000 aggregate principal amount of the 2033 Old Notes. LBG has accepted for exchange on the Final Settlement Date all Old Notes that were validly tendered after the Early Participation Date but at or prior to the Expiration Deadline. The Final Settlement Date is expected to be 23 December 2015. Lloyds Bank plc 6.50% Fixed Rate Lower Tier 2 Notes due 2020 has Principal Amount Outstanding of $2,000,000,000, Principal Amount Tendered Prior to Early Participation Date and Accepted for Exchange of $1,133,093,000, Principal Amount Tendered After Early Participation Date but Prior to Expiration Deadline and Accepted for Exchange of $25,837,000, Principal Amount of New Notes to be Issued on the Final Settlement Date is $28,907,000, Principal Amount of New Notes Issued Pursuant to the Exchange Offer of $1,353,364,000. HBOS plc 6.00% Subordinated Notes due 2033 has Principal Amount Outstanding of $750,000,000, Principal Amount Tendered Prior to Early Participation Date and Accepted for Exchange of $283,386,000, Principal Amount Tendered After Early Participation Date but Prior to Expiration Deadline and Accepted for Exchange of $501,000, Principal Amount of New Notes to be Issued on the Final Settlement Date is $547,000, Principal Amount of New Notes Issued Pursuant to the Exchange Offer of $324,082,000.

Lloyds Bank plc Presents at FT Global Pharmaceutical and Biotechnology Conference 2015, Nov-16-2015 01:50 PM

Lloyds Bank plc Presents at FT Global Pharmaceutical and Biotechnology Conference 2015, Nov-16-2015 01:50 PM. Venue: Marriott Hotel, Grosvenor Square, London W1K 6JP, United Kingdom. Speakers: Philipp Gutzwiller, Global Head Healthcare, Global Corporates.

Lloyds Bank plc Announces Unaudited Consolidated Earnings Results for Half Year Ended June 30, 2015

Lloyds Bank plc announced unaudited consolidated earnings results for half year ended June 30, 2015. For the period, the company reported net interest income of £5,215 million, total income of £12,018 million, profit before tax of £1,416 million, profit for the period of £1,086 million, profit attributable to equity shareholders of £1,035 million, net cash provided by operating activities of £21,834 million, purchase of fixed assets of £1,564 million compared to the net interest income of £5,077 million, total income of £14,994 million, profit before tax of £1,818 million, profit for the period of £1,434 million, profit attributable to equity shareholders of £1,400 million, net cash provided by operating activities of £7,493 million, purchase of fixed assets of £1,651 million for the same period a year ago.

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