{"id":166,"date":"2013-07-23T07:18:51","date_gmt":"2013-07-23T07:18:51","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=166"},"modified":"2013-07-23T08:42:13","modified_gmt":"2013-07-23T08:42:13","slug":"lloyds-banking-group-annual-report","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=166","title":{"rendered":"Lloyds Banking Group Annual Report"},"content":{"rendered":"<p>The 2012 Lloyds Banking Group Annual Report makes good reading.<\/p>\n<p>[<a title=\"Lloyds Banking Group Annual Report\" href=\"http:\/\/2012.lloydsbankinggroup-annualreport.com\/downloads\/lbg-2012-annual-report.pdf\" target=\"_blank\">http:\/\/2012.lloydsbankinggroup-annualreport.com\/downloads\/lbg-2012-annual-report.pdf<\/a>]<\/p>\n<p>Only 372 page, but some salient points can be found, if you dig deep<\/p>\n<p>Page 2: Total wholesale funding reduced by \u00a381.6 billion to <strong>\u00a3169.6 billion<\/strong>;[money it needs to bridge the gap from deposits to loans]<\/p>\n<p>Page 6&amp;8: Brands: LloydsTSB, Halifax, Bank of Scotland, Cheltenham &amp; Gloucester, Birmingham Midshires, Intelligent Finance, Scottish Widows, Lex Autolease.<\/p>\n<p>Page 14: Targeting <strong>further reduction in total costs<\/strong> to around <strong>\u00a39.8 billion<\/strong> in 2013 [<strong>more automation \/job cuts and perhaps asking strategic vendors to do more for less<\/strong>&#8230;]<\/p>\n<p>Page 29: Lloyds Banking Group has retained our position in the FTSE4Good socially responsible investment index<\/p>\n<p>Page 44: the core loan to deposit ratio of 101 per cent at the end of 2012 now very close to our long-term target of 100 per cent.[today for every \u00a3100 on deposit, \u00a3101 is on loan, thus the need for \u00a3169.6 billion for wholesale funding]<\/p>\n<p>Page 50: Customer deposits <strong>\u00a3422.5 billion<\/strong> (\u00a3422,500,000,000)<\/p>\n<p>Page 63: Funds under management increased by \u00a37.1 billion to \u00a3189.1 billion primarily driven by improved investment markets. Inflows have increased in the year primarily in St James\u2019s Place. However this was largely offset by a reduced level of inflows in Scottish Widows<\/p>\n<p>Page 124: HM Treasury currently holds <strong>39.2%<\/strong> of the Group\u2019s ordinary share capital. (UK tax payer owns 39.2% of Lloyds Banking Group)<\/p>\n<p>Page 158: During the year, the Group drew \u20ac13.5 billion (<strong>\u00a311.2 billion<\/strong>) under the European Central Bank\u2019s Long-Term Refinancing Operation facility for an initial term of three years, to part fund a pool of non-core euro denominated assets. (borrowing from the <strong>ECB<\/strong>)<\/p>\n<p>Page 170: Trading portfolios: The Group\u2019s trading activity is small relative to its peers and the Group does not have a programme of proprietary trading activities<\/p>\n<p>Page 208: Balance Sheet: Total assets <strong>\u00a3924,552 million<\/strong> = <strong>\u00a3924 Billion<\/strong> = <strong>\u00a30.954 Trillion<\/strong><br \/>\nPage 208: Balance Sheet: Loans to Customer <strong>\u00a3517,225 million<\/strong> = <strong>\u00a3517 Billion<\/strong> = <strong>\u00a30.517 Trillion<\/strong><\/p>\n<p>The UK 2012 GDP was <strong>\u00a31,541,465 Million<\/strong> = <strong>\u00a31,541 Billion<\/strong> = <strong>\u00a31.541 Trillion<\/strong><\/p>\n<p>Thus Lloyds Banking Groups assets = <strong>60%<\/strong> of the UK 2012 GDP. The bank is vast.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 2012 Lloyds Banking Group Annual Report makes good reading. [http:\/\/2012.lloydsbankinggroup-annualreport.com\/downloads\/lbg-2012-annual-report.pdf] Only 372 page, but some salient points can be found, if you dig deep Page 2: Total wholesale funding reduced by \u00a381.6 billion to \u00a3169.6 billion;[money it needs to bridge the gap from deposits to loans] Page 6&amp;8: Brands: LloydsTSB, Halifax, Bank of Scotland, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-166","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=166"}],"version-history":[{"count":3,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/166\/revisions"}],"predecessor-version":[{"id":168,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/166\/revisions\/168"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}