Lloyds Banking Group, the largest retail bank in the United Kingdom, now maintains offices in Toronto and Vancouver. Opened in 2009, the offices provide a range of financial services; with the addition, the company’s international division—Lloyds TSB International—now operates in 36 countries around the globe.

Although the primary motivation for the expansion into the Canada is to service a relatively large number of British expatriates (approximately 800,000), the company was also attracted by the country’s rigorous financial regime and robust economy. Lloyds TSB International expects many Canadian customers will take advantage of the company’s multiple currency bank accounts, savings products and mortgages. The Vancouver and Toronto offices employ both British and Canadian nationals to ensure the bank has the local and international insight needed to provide superior services and products suited to the market.

The move to Canada builds on the company’s storied history. Lloyds Bank was founded in 1765 as the private bank of Taylors & Lloyds in Birmingham, England. It moved to London in the 1880s and expanded internationally in the 1900s. In 2009, Lloyds acquired HBOS, (originally the Halifax Bank of Scotland) the UK’s largest mortgage lender, to become Lloyds Banking Group.

Lloyds [www.lloydsbankinggroup.com] is yet another global leader that finds opportunity in Canada.

Additional Facts

• Lloyds Banking Group has more than 30 million customers and is the UK's leading provider of current accounts, savings, personal loans, credit cards and mortgages.
• HBOS and Lloyds TSB both rank among the world’s top 35 financial institutions by assets in 2007.