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LLOY Lloyds Banking Group Plc

51.00
0.58 (1.15%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lloyds Banking Group Plc LSE:LLOY London Ordinary Share GB0008706128 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.58 1.15% 51.00 50.88 50.90 51.28 50.62 50.72 102,403,685 16:35:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 23.74B 5.46B 0.0859 5.92 32.34B

Lloyds to Sell Irish Commercial Loan Portfolio for GBP827 Million -- Update

30/07/2015 10:32am

Dow Jones News


Lloyds Banking (LSE:LLOY)
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(Adds statement by Bank of Ireland.)

By Ian Walker

LONDON--Lloyds Banking Group PLC (LLOY.LN) said Thursday it is selling a portfolio of Irish commercial loans for 827 million pounds ($1.29 billion), which will be used for general corporate purposes.

The 15% U.K. government-owned bank said the sale won't have a material impact on the group, but will be capital accretive.

Lloyds is selling the portfolio, which has gross assets of about GBP2.6 billion, to a consortium comprising Ennis Property Finance Ltd., an entity affiliated to Goldman Sachs Group Inc (GS); Feniton Property Finance Ltd., an entity affiliated to CarVal; and Bank of Ireland.

Separately Bank of Ireland said it will be buying 200 million euros ($220 million) of performing commercial loans, comprising over 650 customers in the small- and medium-size business and commercial real estate sectors.

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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