Lloyds Banking Group

Lloyds Banking Group plc

25 Gresham Street
Formerly	TSB Group Public Limited Company (1985–1995) Lloyds TSB Group plc (1995–2009)[1]
Company type	Public limited company
Traded as	LSE: LLOY NYSE: LYG FTSE 100 component
Industry	Banking Financial services
Founded	16 January 2009; 15 years ago (2009-01-16)[note 1]
Headquarters	London, England, UK (operational headquarters) Edinburgh, Scotland, UK (registered office)
Area served	United Kingdom
Key people	Robin Budenberg (chairman) Charlie Nunn (chief executive)
Products	Retail banking Commercial banking Investment banking Private banking General insurance Life assurance Pensions
Revenue	£35.405 billion (2023)[2]
Operating income	£7.503 billion (2023)[2]
Net income	£5.518 billion (2023)[2]
Total assets	£881.453 billion (2023)[2]
Total equity	£47.365 billion (2023)[2]
Number of employees	63,000 (2024)[3]
Divisions	Consumer Lending and Consumer Relationships Business & Commercial Banking Corporate & Institutional Banking Insurance, Pensions & Investments
Subsidiaries	Lloyds Bank Bank of Scotland Halifax Birmingham Midshires Scottish Widows Lloyds Development Capital Agricultural Mortgage Corporation Black Horse Lex Autolease
Website	lloydsbankinggroup.com
Footnotes / references ^ "Lloyds Banking Group". SEC. Retrieved 6 December 2020. Lloyds Banking Group uses the phrase 'the group was formed in January 2009'

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.^[4] Lloyds Bank was founded in 1765 but the wider Group's heritage extends over 320 years, dating back to the founding of the Bank of Scotland by the Parliament of Scotland in 1695.^[5]

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 office sites in Birmingham, Bristol, West Yorkshire and Glasgow.^[6] The Group also has overseas operations in the US and Europe. Its headquarters for business in the European Union is in Berlin, Germany.^[7]

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".^[8]

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 £30.65 billion as of 1 August 2022—the 19th-largest of any LSE listed company^[9]—and has a secondary listing on the New York Stock Exchange in the form of American depositary receipts.