Lloyds TSB Group

Corporate History:

Lloyds Bank (founded in 1765) and the 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 group in the United Kingdom. The company presently ranks 123rd in FORTUNE Global 500 LIST of companies.

Activities:

Lloyds TSB earns bulk of its revenue from consumer, commercial banking and issurance. It also has a dedicated section offering financial services to global companies based in England and other countries. The Cheltenham & Gloucester section of the company 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.
A comparative break up of the financial performance of the group over the last fiscals is given as:

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

Assets & Infrastructure:

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

Organization:

Lloyds TSB Group I headed by Sir Victor Blank, who is the Chairman of the group. Mr. J. Eric Daniels is the Group Chief Executive and Director. The company had an employee count of 66,797 in 2005.

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