Lloyds Bank plc (formerly Lloyds TSB Bank plc)

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.

Financials

Total Assets (2017)
576.95 bln GBP  (+4.28%)
Annual Profit (2017)
5 219.00 mln GBP  (+50.27%)

Lloyds Bank plc is the 3rd largest bank in the United Kingdom in terms of total assets. In 2017 its total assets were 576,95 bln GBP, providing the bank with the market share of 6.53%. In 2017 the bank's annual profit was 5 219,00 mln GBP.

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 Aa3 (high grade).

Lloyds Bank plc participates in deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85 000 GBP per bank per depositor.

Lloyds Bank plc is a member of Lloyds Banking Group (United Kingdom).

Contacts

2nd floor, Princes, 1 Earl Grey Street, EC3P 3BS, Edinburgh, United Kingdom
44 02076261500

Lloyds Bank plc is headquartered in Edinburgh.

Bank Identifiers

MFI ID
GB1640
Company Number
00002065
Start Date
April 1865

Financial Positions

Total Assets (2017)
576.95 bln GBP  (+4.28%)

In 2017 total assets of Lloyds Bank plc were 576.95 bln GBP. Growth compared to the previous period (2016) was 4.28%. The evolution of the total assets of Lloyds Bank plc is shown at Chart 1 below.

Total Assets of Lloyds Bank plc.

Chart 1. Total Assets of Lloyds Bank plc.

Profit and Loss

Annual Profit (2017)
5 219.00 mln GBP  (+50.27%)
Net Income (2017)
4 229.00 mln GBP  (+251.54%)

In 2017 annual profit of Lloyds Bank plc was 5 219.00 mln GBP. Growth compared to the previous period (2016) was 50.27%. The evolution of the annual profit of Lloyds Bank plc is shown at Chart 2 below.

Annual Profit of Lloyds Bank plc.

Chart 2. Annual Profit of Lloyds Bank plc.

In 2017 net income of Lloyds Bank plc was 4 229.00 mln GBP. Growth compared to the previous period (2016) was 251.54%. The evolution of the net income of Lloyds Bank plc is shown at Chart 3 below.

Net Income of Lloyds Bank plc.

Chart 3. Net Income of Lloyds Bank plc.

Market Share and Rank (among banks in the United Kingdom)

Total Assets (2017)
3rd (market share 6.53%)

In 2017 Lloyds Bank plc was ranked the 3rd largest bank in the United Kingdom in terms of total assets, having 6.53% of the domestic market share.

Market share of Lloyds Bank plc (among banks in the United Kingdom)

Chart 4. Market share of Lloyds Bank plc (among banks in the United Kingdom)

Several banks having the market shares and ranks closest to Lloyds Bank plc are shown below.

RankNameTotal AssetsMarket Share
2HSBC Bank plc818868.00 mln GBP9.26%
3Lloyds Bank plc576953.00 mln GBP6.53%
4The Royal Bank of Scotland plc525889.00 mln GBP5.95%
 

Credit Ratings (as of May 2018)

Fitch Moody's
A+ (high credit quality) Aa3 (high grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Lloyds Bank plc is rated by Fitch and Moody's.

Credit ratings assigned to Lloyds Bank plc as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Lloyds Bank plc it is set to A+ (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Lloyds Bank plc is set to F1 (highest short-term credit quality).

Long-Term Issuer Default Rating  A+
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  a
Support Rating  5
Support Rating Floor  NF

Viability rating for Lloyds Bank plc is set to a (high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for Lloyds Bank plc it is set to Aa3 (high grade). Long-term bank deposit rating is Aa3 (high grade). Baseline credit assessment is a3. Short-term rating is set to Baa3.

Long-Term Rating  Aa3
Long-Term Bank Deposit Rating  Aa3
Baseline Credit Assessment  a3
Short-Term Rating  Baa3
Outlook  stable

Outlook for the ratings of Lloyds Bank plc is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 85 000 GBP per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in the United Kingdom are obliged to participate in the United Kingdom's deposit guarantee scheme.

In the case of Lloyds Bank plc failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, small companies
Covered Currencies  all
Maximum Protected Amount  85 000 GBP
Paid In Currency  GBP

Further Information

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Lloyds Bank plc is shown in the table below.

MFI ID  GB1640

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  00002065

European Presence: 6 banks in 4 countries

Lloyds Bank plc operates under the brand name Lloyds Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

France

Jersey

Netherlands

United Kingdom

Defunct Banks: 4 banks in 3 countries

The following banks operating under Lloyds Bank brand name has been recently closed down:

Gibraltar

Spain

Switzerland