On the Record · Lloyds Banking Group
Lloyds Banking Group acquisitions, on the record
The businesses Lloyds Banking Group bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Cheltenham and Gloucester Building SocietyWord for word“In 1995, it continued to expand with the acquisition of the Cheltenham and Gloucester Building Society.” 20-F for 2023 | acquisition | 1995 | — |
Scottish WidowsWord for word“In 1999, the businesses, assets and liabilities of TSB Bank plc, the principal banking subsidiary of the TSB Group prior to the merger, and its subsidiary Hill Samuel Bank Limited were vested in Lloyds TSB Bank plc, and in 2000, Lloyds TSB Group acquired Scottish Widows.” 20-F for 2023 | acquisition | 2000 | — |
HBOS plcWord for word“On 16 January 2009, the acquisition was completed and Lloyds TSB Group plc changed its name to Lloyds Banking Group plc.” 20-F for 2023 | acquisition | 16 January 2009 | — |
TSBWord for word“Following disposals in 2014, the Group sold its remaining interest in TSB to Banco de Sabadell (Sabadell) in 2015, and all EC state aid requirements were met by 30 June 2017.” 20-F for 2023 | divestiture | 2015 | — |
MBNA LimitedWord for word“On 1 June 2017, following the receipt of competition and regulatory approval, the Group acquired 100 per cent of the ordinary share capital of MBNA Limited, which together with its subsidiaries operates a UK consumer credit card business, from FIA Jersey Holdings Limited, a wholly-owned subsidiary of Bank of America.” 20-F for 2023 | acquisition | 1 June 2017 | — |
Embark GroupWord for word“On 1 February 2022, the Group announced that it had completed the acquisition of Embark Group, a fast growing investment and retirement platform business.” 20-F for 2023 | acquisition | 1 February 2022 | — |
Hamsard 3352 Limited (“Tusker”)Word for word“On 22 February 2023, the Group announced that it had acquired 100 per cent of the ordinary share capital of Hamsard 3352 Limited (“Tusker”) which, together with its subsidiaries, operates a vehicle management and leasing business.” 20-F for 2023 | acquisition | 22 February 2023 | — |
TuskerWord for word“Outside of net trading income within Retail, there was improved performance in UK Motor Finance, with the Group’s operating lease rental income £ 298 million higher at £ 1,681 million (2023: £ 1,383 million) as a result of growth following the acquisition of Tusker in 2023 and higher average vehicle rental values .” 20-F for 2024 | acquisition | 2023 | — |
TSB Group plc and Lloyds Bank PlcWord for word“In 1995, TSB merged with Lloyds Bank Plc to form Lloyds TSB Group plc.” 20-F for 2024 | merger | 1995 | — |
Read from Lloyds Banking Group’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-02-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.