Lloyds Banking Group

About The Fund

Lloyds Banking Group is a leading provider of banking and financial services primarily in the United Kingdom, serving both individual and business clients. They offer a comprehensive suite of products that includes current accounts, savings and investment accounts, and a various range of customer deposits. Their personal banking services encompass personal loans, formal loans, bridging loans, education loans, in addition to credit and debit cards, and residential mortgages. Catering to the business sector, Lloyds offers business banking services that include savings accounts for startups and established businesses, specialist and clients' accounts, as well as credit, debit, and charge cards. They provide businesses with loans, overdraft options, factoring and invoice discounting services, commercial mortgages, hire purchase loans and guarantee schemes. Additionally, Lloyds facilitates business payment services and international services, which include various types of accounts in Euros and other foreign currencies, currency loans, automated dealing services, foreign exchange contracts, and trade finance instruments such as letters of credit. Notably, they also offer a range of insurance products for individuals and businesses, including home, car, travel, and pet insurance, as well as cover for business loan repayments and essential business insurance. Lloyds Banking Group has a presence on major stock exchanges, being quoted on both the London Stock Exchange and the New York Stock Exchange. Founded in 2009 with its headquarters in London, UK, they assert a commitment to the industries of IT & TMT, Hardware & Manufacturing, Energy, and CleanTech, indicating an investment thesis that likely aligns with innovation and sustainability within these sectors.