Lloyds sheds £13.5bn of property and nearly halves property losses

Development Securities refinances £37.9m loan with Lloyds

Lloyds Banking Group today revealed that it had reduced its property exposure by £13.5bn in 2011, and managed to cut its losses on bad property loans from £2.4bn to £1.3bn in the process.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue