Statutory information is set out on pages 33 to Accordingly, the results are also presented on an underlying basis. Unless otherwise stated, income statement commentaries throughout this document compare the 12 months ended 31 December to the 12 months ended 31 Decemberand the balance sheet analysis compares the Group balance sheet as at 31 December to the Group balance sheet as at 31 December
LLOY today made the following announcement: The purpose of this announcement is to provide transparency in a single remuneration disclosure.
We believe in offering fair reward. We are embedding a performance-driven and meritocratic culture where colleagues are rewarded for behaviours aligned to the long term sustainable success of the business, our commitment to rebuilding trust and changing the culture of the Group.
We want to ensure colleagues are empowered, inspired and incentivised to do the right thing for customers.
Our pro forma ranking of the largest banks in Europe (which includes recent and pending European acquisitions), in fact, shows three banks posting more than €2 trillion in total assets, compared to one such bank in our ranking. Increasing Shareholder Value. 1 Today’s Agenda 1. Risk factors for managing financial institutions 2. Our strengths and challenges BPCE(Banque Populaire) Lloyds TSB Bank BNP Paribas ING Bank A2 BTMU Barclays Bank Goldman Sachs Bank Mizuho CB/BK Credit Suisse * Based on the medium-term management plan assumed . 1 The Bank is Dead, Long Live the Bank Ray Shaw Introduction This chapter examines the future role of banks and to what extent that future is threatened by growing competition, changing technology and.
Colleagues are rewarded in a way that recognises the very highest of expectations in respect of conduct and customer treatment, and when behaviour falls below acceptable standards, it is important that accountability is taken collectively as well as individually.
This is particularly the case when dealing with, and learning from, mistakes of the past. In addition, the Group has made significant steps in de-risking the business through the continued disposals of run-off portfolios.
In summary, the Group achieved a number of key objectives during In addition, the Board has recommended a special dividend of 0. This announcement should be read in conjunction with the disclosures in the Annual Report and Accounts scheduled for publication in March For Executive Directors, awards are determined in the same way as employees across the Group by reference to Group, business area and individual performance.
Information regarding the performance of the Executive Directors in can be found in the Annual Report and Accounts. Deferred Bonus Awards made to Executive Directors and members of the Group Executive Committee are subject to clawback for at least seven years from the date of grant.
Where awards have not yet been made, estimates have been provided. A statement will be provided to the market following the actual awards in the normal way. The price of the Shares will be determined by the average of the closing share price of the five trading days prior to the date of the award.
The release of the Shares is subject to additional conditions that either the share price must remain above Subject to either of the conditions being met, vesting may commence no sooner than two years following grant. If neither of the conditions has been met by the fifth anniversary of the award, the award will lapse entirely.
The actual number of shares awarded will be determined by the average of the closing share price of the five trading days prior to the date of award. The number of shares shown is the net amount, after deductions for income tax and NIC.
The Deferred Bonus Awards are subject to deferral until at least March + Significant decline in leverage ratios driven by both capital offerings and balance sheet delcveraging - Pro forma for capital offerings, gross leverage is x and net leverage is I x (vs.
7x gross + Green's business model is under significant pressure + Lloyds TSB LEHMAN BROTHERS 3 Confidential Strategic Alternatives. The best way to tell the story of VISION is to describe what we've achieved with our clients and how.
Along our journey we have been fortunate to work with companies such as IBM, Cemex, General Motors, Lloyds TSB, Citi, Scottish & Southern Energy (SSE), RSA, Telefonica, Warner Music and many others. Annual Report Strategic Review – Vision at a Glance 01 Pro Forma Balance Sheet 59 Pro Forma Cash Flow Statement 60 Lloyd’s accepts business from Lloyd’s in numbers over countries and territories worldwide.
Licences in over Sep 10, · Lloyds said in a statement late yesterday that it already has a contingency plan for establishing new legal entities in England in the event of a Yes vote, while RBS said today that such an. On a pro forma basis The more prudent Lloyds TSB `through the cycle' approach to risk is now being applied across the enlarged franchise and will remain important as the Group strives to.
1 The Bank is Dead, Long Live the Bank Ray Shaw Introduction This chapter examines the future role of banks and to what extent that future is threatened by growing competition, changing technology and.