Lloyds Begins to Return Treasury Loan
Lloyds Banking Group became the first European bank to begin repaying the treasury loan lent by the government from taxpayers money back in October 2008. Paying back the loan has huge benefits for Lloyds. Not only will Lloyds save £480million a year on the repayments of this loan, but by repaying the loan the ban on paying shareholders dividends which was imposed by the government will also be lifted. This could potentially attract investors who may previously have been put of by the fact they couldn't receive dividents had they invested in Lloyds due to the ban on dividend payments.
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