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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: --By Patricia Kowsmann, Dow Jones Newswires. Tel +44(0)207-842-9295,

Share News for Lloyds (LLOY)
31/07/201516:13:532ND UPDATE: Lloyds Eyes Capital Returns As Profit Up Despite...
31/07/201513:48:46IN THE KNOW: Shore Says Cash Return To Lloyds Shareholders Priced...
31/07/201510:54:56UPDATE: Lloyds To Consider Surplus Capital Returns As Profit...
31/07/201508:49:04Lloyds Posts Rise in First-Half Profit -- Update
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31/07/201508:02:34Lloyds Posts Rise in First-Half Profit
31/07/201507:18:27Lloyds To Consider Surplus Capital Returns After 38% Profit Increase
31/07/201507:01:42Lloyds Banking Group PLC Half Yearly Report
30/07/201510:32:19Lloyds to Sell Irish Commercial Loan Portfolio for GBP827 Million...
30/07/201509:53:56UPDATE: Lloyds Banking Group Shrinks Irish Commercial Loan Exposure
30/07/201508:18:20Lloyds to Sell Irish Commercial Loan Portfolio for GBP827 Million
30/07/201507:41:22Lloyds Banking Group Sells Irish Commercial Loans For GBP827...
30/07/201507:02:29Lloyds Banking Group PLC Sale of Irish Commercial Loans Portfolio
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23/07/201515:04:07Lloyds Banking Group PLC External appointment
23/07/201506:44:48PRESS: Lloyds Shareholders In GBP350 Million HBOS Claim - Telegraph
17/07/201510:51:08Lloyds Banking Group Establishes Responsible Business Committee
17/07/201510:01:12Lloyds Banking Group PLC Changes to Membership of Committees
17/07/201510:00:16Lloyds Banking Group PLC Establishment of Responsible Business...
16/07/201508:16:21Lloyds Banking: UK Government Cuts Stake to 14.98%

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