[WCSA - Wowtimes - Almanac Events & Achievements 2023] Impressive milestones in the 14 years of Lloyds Banking Group, one of the UK's largest financial services organisations (2009)


(wcsa.world) Lloyds Banking Group is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees.

The Group's headquarters are located at 25 Gresham Street in the City of London, while its registered office is on The Mound in Edinburgh. It also operates office sites in Birmingham, Bristol, West Yorkshire and Glasgow. The Group also has extensive overseas operations in the US, Europe, the Middle East and Asia. Its headquarters for business in the European Union is in Berlin, Germany.

The business operates under a number of distinct brands, including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Former Chief Executive António Horta-Osório told The Banker, "We will keep the different brands because the customers are very different in terms of attitude".

Lloyds Banking Group is listed on the London Stock Exchange (LSE) and is a constituent of the FTSE 100 Index. It had a market capitalisation of approximately £30.65 billion as of 1 August 2022 — the 19th-largest of any LSE listed company — and has a secondary listing on the New York Stock Exchange in the form of American depositary receipts.

Lloyds Banking Group is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees. Lloyds Bank was founded in 1765 but the wider Group's heritage extends over 320 years, dating back to the founding of the Bank of Scotland by the Parliament of Scotland in 1695.


Lloyds Banking Group’s milestones:

In, 1695, Bank of Scotland was founded by an Act of the Scottish Parliament, on 17th July 1695. It is Scotland's first and oldest bank.

In 1696, Bank of Scotland became the first European commercial bank to successfully issue a paper currency. Its earliest banknotes were in denominations of £5, £10, £20, £50 and £100.

In 1746, The British Linen Company (later the British Linen Bank) was established by a Royal Charter from George II, in 1746.

In 1765, Lloyds Bank began life as Taylors & Lloyds in Birmingham, in 1765. It was founded by Sampson Lloyd II, John Taylor and their two sons. Each invested £2,000.

In 1772, Robert Herries established a bank in London’s West End, in 1772. He went on to invent the 'circular note', forerunner of today’s traveller’s cheque.

In 1810, The Revd Henry Duncan opened the world’s first self-supporting savings bank in Ruthwell, Dumfriesshire. He aimed to persuade his poorer parishioners to save for times of ill-health and old age.


In 1815, The 'Scottish Widows' Fund', Scotland's oldest life assurance office, officially opened for business in January 1815. It went on to become the largest mutual life office in the UK.

In 1824, The Medical, Clerical and General Life Assurance Society, as it was originally known, was set up in 1824. It was aimed at the middle classes, in particular clergymen and medical practitioners.

In 1847, Penny banks were for people who couldn’t afford to join a regular savings bank. The first was set up in Greenock, Scotland, in 1847.

In 1848, The Permanent Second Leeds Benefit Building Society’ (later the Leeds Permanent) was founded in 1848. Within ten years, it was the largest building society in the world.

In 1853, Bank of Scotland became one of the first Scottish banks to use the new electric telegraph service. To ensure confidentiality, a secret telegraphic code was devised.

In 1865, After 100 years in business, Lloyds & Co. converted from a private partnership to a joint-stock bank. It became Lloyds Banking Company Ltd.

In 1911, With the takeover of Armstrong & Co. in 1911, Lloyds Bank acquired a presence in France. This marked the start of overseas expansion.

In April 1963, Bank of Scotland launched its first fleet of mobile banks. These served rural communities in the Bathgate and Haddington areas.

By the 1960s, Lloyds had offices across the globe.

In 1971, it rationalised operations by merging its main international subsidiaries, BOLSA and Lloyds Bank Europe.


In December 1972, In December 1972, Lloyds Bank installed its first Cashpoint machine at Brentwood in Essex. By 1988, more than 2,000 were in operation up and down the country.

In 1995, Lloyds Bank plc merged with TSB Group plc, forming Lloyds TSB Group plc.

In January 2009, In January 2009, in the midst of a global financial crisis, Lloyds TSB took over HBOS plc. The new company instantly became the largest retail bank in the UK. Lloyds Banking Group today serves more than 25 million customers, and brings together a host of well-known brands.

On 9 September 2013, Lloyds TSB once again became two separate banks.

2015 was a milestone year for Lloyds Banking Group. We marked the 200th anniversary of Scottish Widows, the 250th anniversary of Lloyds Bank and the 30th year of the Lloyds Bank Foundations.


According to lloydsbankinggroup.com & Wikipedia

Kyna ( Collect) - WOWTIMES (Source of photos: Internet)