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Lloyds Chairman: Hopes To Start Paying Dividends In 2012

LONDON -(Dow Jones)- Lloyds Banking Group PLC (LYG) hopes to start paying dividends as soon as a European Union ban on the payments is lifted in 2012, Chairman Win Bischoff said Thursday. He told Dow Jones Newswires the bank will look to make the payments as soon as it can. The EU called a halt to any dividends for two years as a condition of approving Lloyds' GBP17 billion government bail-out. Bischoff's comments were made after shareholders earlier Thursday approved a GBP22.5 billion recapitalization that will allow the bank to avoid taking further state support. Company Web site: http://www.lloydsbankinggroup.com --By Patricia Kowsmann, Dow Jones Newswires. Tel +44(0)207-842-9295, patricia.kowsmann@dowjones.com

Share News for Lloyds (LLOY)
DateTimeHeadline
17/12/201416:28:06U.K. to Sell Part of Lloyds Stake--2nd Update
17/12/201416:09:10U.K. Government Sets Up Trading Plan to Sell Part of Lloyds Stake--Update
17/12/201415:50:13UK Government Sets Up Trading Plan to Sell Part of Lloyds Stake
16/12/201412:46:45Bank of England Stress Test Gives U.K. Major Banks Clean Bill...
16/12/201409:33:16Bank of England Stress Test Gives U.K. Major Banks Clean Bill...
16/12/201409:11:48LONDON MARKETS: Miners Drag FTSE 100 Lower After Gloomy China...
16/12/201407:53:14Bank of England Stress Test Gives U.K. Major Banks Clean Bill...
04/12/201404:25:42LONDON MARKETS: FTSE 100 Slips, But Airline, Housing Stocks Find...
02/12/201420:46:35Lloyds Banking Sells a Portfolio of Irish Mortgages to Goldman...
02/12/201408:33:58Mitie Extends Facilities Management Contract with Lloyds
21/11/201412:55:10NBNK Investments Chairman Wilbur Ross Resigns
06/11/201408:22:21UK Regulator to Probe Personal Current Account, SME Retail Banking
30/10/201417:24:13LONDON MARKETS: FTSE 100 Ends Higher After Roller-coaster Day
30/10/201411:44:38LONDON MARKETS: Miners Hammer FTSE 100 As Metals Prices Slide
30/10/201409:08:38LONDON MARKETS: Miners Bruise FTSE 100 As Metals Prices Slide
28/10/201417:12:35LONDON MARKETS: BP Fuels FTSE 100's Move Higher
28/10/201412:01:16LONDON MARKETS: BP Boosts FTSE 100 After Dividend Rise
27/10/201418:59:26European Bank Stress-Test Results Have Isolated Errors, Inconsistencies...
27/10/201417:30:27LONDON MARKETS: Banks Knock FTSE 100 Lower After Stress Tests
27/10/201417:23:19EUROPE MARKETS: Italian Banks Tumble After ECB Stress Tests

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