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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
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27/10/201412:12:16EUROPE MARKETS: European Stocks Climb After Stress-tests Results
27/10/201411:06:02LONDON MARKETS: FTSE 100 Climbs After Most EU Banks Pass Stress...
26/10/201415:46:26Several Big Lenders Cut It Close in Stress Tests
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23/10/201409:21:09Inspired Capital Enlarges Debt Facilities
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26/09/201417:20:11LONDON MARKETS: Bank Stocks Lift FTSE 100; Sports Direct Drops

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