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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

Stock News for Lloyds Tsb (LYG)
DateTimeHeadline
04/17/201413:17:09LONDON MARKETS: U.K. Stocks Rise To One-week High; Barclays Jumps
04/17/201411:00:21LONDON MARKETS: U.K. Stocks Flirt With One-week High; Barclays...
04/17/201402:31:06Lloyds Banking Group PLC ECN Retail Tender Offer Results - Detail
04/17/201402:30:35Lloyds Banking Group PLC ECN Retail Tender Offer Results
04/15/201408:45:47Lloyds Forex Chief Said to Leave Bank - Reuters
04/14/201411:00:08LONDON MARKETS: FTSE 100 Slips, But Glencore Xstrata Gains
04/14/201406:04:56LONDON MARKETS: FTSE 100 Slides On Ukraine Tensions; Glencore...
03/26/201417:40:55ADR Shares End Lower; China Eastern Airlines Shares Active
03/26/201413:58:08EUROPE MARKETS: Europe Stocks Higher As ECB Stokes Stimulus Hopes
03/26/201413:55:57LONDON MARKETS: Lloyds Loss Weighs On FTSE 100; Benchmark Closes...
03/26/201413:37:35European Stocks Extend Rally -- Update
03/26/201407:17:29UK Government Sells Part of Stake in Lloyds
03/26/201404:51:25UK Government Sells 7.8% of Lloyds at 75.5p/Share; Stake Now...
03/25/201414:40:04UK Financial Investments to Sell 7.5% of Lloyds Banking
03/25/201414:19:13UK Financial Investments to Sell 7.5% of Lloyds Banking Group...
03/25/201413:47:31UK Financial Investments to Sell 7.5% of Lloyds Banking Group
03/24/201415:36:22LONDON MARKETS: London Stocks Fall After Mixed Global PMI Data
03/24/201415:35:45EUROPE MARKETS: Europe Stocks Sag After Downbeat Chinese, German...
03/24/201405:51:00Standard Life in Talks to Buy Asset Manager
03/20/201403:54:31Lloyds Banking Sells European Commercial Real Estate Loans for...

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