Lloyds banking Group to sell its Spanish retail banking operations
Lloyds Banking Group plc announced it has agreed to sell its Spanish retail banking operations, including Lloyds Bank International SAU and Lloyds Investment EspaÃ±a SGIIC SAU, to Banco Sabadell, SA The sale comprises the Group's retail and private banking business and the local investment management business in Spain.
Lloyds Banking Group plc has launched the sale of its €360m portfolio of Irish property loans as the government-controlled lender pushes to shed the legacy of its ill-timed takeover of HBOS.