Lloyds Bank Plc (United Kingdom), formerly Lloyds TSB Bank plc

(4.8; 4 ratings)

Business Focus

retail and corporate banking

Founded in 1755, Lloyds Bank provides a broad range of retail, private and corporate banking products and services to households, businesses and communities in the United Kingdom. Lloyds Bank offers a comprehensive range of financial products and services, including current accounts, savings, mortgages, loans and credit cards.

Services

retail banking

private banking

corporate banking

Clients

individuals

companies

Area Served

United Kingdom

Products

current accounts

credit cards

personal loans

mortgage loans

savings accounts

ISAs

insurance

International Transfers

SWIFT Transfers

SEPA Credit Transfers

SEPA Instant Transfers

SEPA Direct Debits

Account Opening

Becoming a client of Lloyds Bank Plc can be done in a few steps:

Submit online application

Visit bank branch

Due to regulatory requirements Lloyds Bank Plc performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Lloyds Bank Plc will ask him/her to provide the following documents: passport or ID card; utility bill; income details. For corporate clients Lloyds Bank Plc will ask to provide corporate documentation as well as information about controlling persons. Lloyds Bank Plc may request additional documentation or information depending on the case. Lloyds Bank Plc performs client's identity verification via branch visit.

Ways to Bank

Lloyds Bank Plc delivers its products and services through both direct and indirect channels, namely:

branch

online banking

mobile app

phone

post office

Financials

Total Assets (2019)

505.75 bln GBP (+6.97%)

Annual Profit (2019)

2,157.00 mln GBP (-63.51%)

Lloyds Bank Plc is the 3rd largest bank in the United Kingdom in terms of total assets. In 2019 its total assets were 505,75 bln GBP, providing the bank with the market share of 5.56%. In 2019 the bank's annual profit was 2 157,00 mln GBP.

Credit Ratings

Fitch: A+

AAA

AA+, AA, AA-

A+, A, A-

BBB+, BBB, BBB-

BB+, BB, BB-

B+, B, B-

CCC, CC, C, RD, D

Moodys: Aa2

Aaa

Aa1, Aa2, Aa3

A1, A2, A3

Baa1, Baa2, Baa3, Baa4

Ba1, Ba2, Ba3

B1, B2, B3

Caa1, Caa2, Caa3, Ca

Lloyds Bank Plc is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa2 (high grade).

Deposit Guarantee

Protected Amount

up to 85,000 GBP

Guarantee Fund

Financial Services Compensation Scheme (FSCS)

Covered Depositors

private individuals
companies

Covered Accounts

current accounts
savings accounts
time deposit accounts

Lloyds Bank Plc participates in the deposit guarantee scheme of the United Kingdom. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies and covers up to up to 85,000 GBP per bank per depositor. Lloyds Bank Plc is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.