Lloyds TSB Group

Corporate History

Lloyds Bank, founded in 1765, and Trustee Savings Bank, founded in 1810, merged together to form Lloyds TSB Group plc in 1995. It is one of the largest insurance and banking groups in the United Kingdom. The company presently ranks 123rd in the Fortune Global 500 List of companies.

Activities

Lloyds TSB earns the bulk of its revenue from consumer, commercial banking, and insurance. It also has a section which offers financial services to global companies based in England and other countries. The Cheltenham and Gloucester section of Lloyds TSB is a leading home mortgage lender, while Scottish Widows specializes in insurance and investment businesses.

Performance

Lloyds TSB achieved annual sales worth $46,625.1 million in 2005. The net income this financial year was $2,324.8 million.

Assets & Infrastructure:

Lloyds TSB operates nearly 2,100 offices in Wales, England, and Scotland. It is supported by numerous subsidiaries which include Cheltenham and Gloucester, Blackhorse, and Agricultural Mortgage Corporation.

Organization

Lloyds TSB Group is headed by Sir Victor Blank, who is Chairman. Mr. J. Eric Daniels is Group Chief Executive and Director. The company 66,797 employees in 2005.

Corporate Address:

25 Gresham St., London
EC2V 7HN, United Kingdom
Telephone: +44-20-7626-1500
Fax: +44-20-7489-3484
Website: www.lloydstsbgroup.co.uk

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