LONDON: Lloyds Banking Group plc announced increased profits and a higher dividend for the first half of 2025 on Thursday, citing income growth, cost discipline, and robust asset quality. The UK-focused bank reported a statutory profit after tax of £2.5 billion for the six months ending June 30, 2025, up 4% from £2.4 billion in…
Tag: Lloyds Bank
PayPoint and Lloyds Bank seal expansion deal to boost SME growth
LONDON, UK: PayPoint Plc and Lloyds Bank announced a major partnership expansion, which will see Lloyds Bank Cardnet become the main card acquiring partner across the PayPoint Group’s extensive network of over 60,000 SME and retailer partners. The expanded partnership, going into pilot in Q2 FY24/25, with a full launch expected in Q3 FY24/25 (subject…
Brooks Macdonald to acquire Lloyds Bank’s wealth management and funds business for £9.63 million
LONDON: Brooks Macdonald Group’s wholly owned subsidiary Brooks Macdonald Asset Management (International) Limited has entered into a binding agreement to acquire the Channel Islands wealth management and funds business of Lloyds Bank International Limited. The total consideration is expected to be up to £9.63 million, including £2.5 million of regulatory capital, with initial consideration being…