Latest news with #LloydsGroup
The Sun
7 days ago
- Business
- The Sun
Major bank with 28million customers to shut 10 branches this month – full list of locations
A MAJOR UK bank that serves 28 million customers around the country is set to shut ten of its branches this month. Those impacted are encouraged to look into other suitable banking options, such as setting up online or telephone banking. 1 Lloyds banking group has also announced plans to close down 254 of its branches for good this year. Branches that are closing Lloyds bank is set to close 116 of its branches over the next two years. Halifax plans to shut down 107 over the same period. Meanwhile, the Bank of Scotland is expected to shutter 31 branches. Over the month of July, closures of Lloyds groups banks are in: Alcester (July 2) Ashbourne (July 8) Fakenham (July 15) Firth Park Sheffield (July 10) Sherborne (July 7) Spennymoor Cheapside (July 10) Stanley (July 17) Wadebridge (July 1) Warwick (July 15) Woodbridge (July 16) Next month, closure of the Crossgates Leeds branch is expected on August 20. And in September, the Leeds Amrley, Monmouth, Station Lane Hornchurch, and Thetford banks are set to close. Why banks are closing The closures follow reviews of different Lloyds, Halifax and Bank of Scotland branches, which are all part of the Lloyds banking group. They have claimed customers are moving away from banking in person to using more mobile services, as the reason behind the shutting of branches. Bank of Scotland to Close 22 Branches: A Digital Transformation The Lloyds Group is not the only banking giant that is planning mass closures of its physical sites. Just last month, NatWest closed down 20 of its branches across the UK. In the last decade, this has added up to a total of 1,431 branch closures from the NatWest Group, which includes NatWest, Royal Bank of Scotland and Ulster Bank. Barclays has seen the biggest reduction in its network as an individual bank over this period, with 1,236 branches now closed. It comes, however, as research shows 39 per cent of people aged over 65 do not use online banking. Closures of high street banks is therefore putting them at high risk of financial exclusion. What to do if your branch closes Staff at Lloyds banks are expected to provide support to customers to get them started on the company's Mobile Banking app and Internet Banking. There are also alternative Lloyds Bank Branches, Post Office, cash machines (ATMs) and other ways to pay in or withdraw cash that can be sought. Banking Hubs are planned for areas to help with everyday banker. Lloyds bank also provides a Community Banker to visit areas where branches are closing, who can provide help and support around account enquiries. What services do banking hubs offer? BANKING hubs offer a range of services to bridge the gap left by the closure of local branches. Operated by the Post Office, these hubs allow customers to perform routine transactions such as deposits, withdrawals, and balance enquiries. Each hub features private booths where customers can discuss more complex banking matters with staff from their respective banks. Staff from different banks are available on a rotational basis, ensuring that customers have access to a wide range of banking services throughout the week. Additionally, customers can receive advice and support on various financial products and services, including loans, mortgages, and savings accounts.
Business Standard
09-05-2025
- Business
- Business Standard
Lloyd Ent slips after Q4 PAT drops 46% YoY to Rs 24 cr
Lloyd Enterprises declined 3.20% to Rs 47.16 after the company's consolidated net profit tumbled 46.22% to Rs 24.55 crore in Q4 FY25 as compared with Rs 45.65 crore in Q4 FY24. Revenue from operations jumped 46.63% to Rs 489.32 crore during the quarter ended 31st March 2025. Profit before tax (PBT) fell 29.19% YoY to Rs 41.85 crore in Q4 FY25. Total expenses climbed 49.94% to Rs 484.81 crore in Q4 FY25 as compared with Rs 323.33 crore in Q4 FY24. Cost of material consumed stood at Rs 110.61 crore (up 110.13% YoY), employee benefit expenses was at Rs 22.28 crore (up 39.95% YoY), finance cost was at Rs 17.02 crore (up 738.42% YoY) during the period under review. Meanwhile, the companys board recommended a final dividend of Rs 0.10 paisa per equity share having face value of Re 1 each for FY25, subject to the shareholders approval at the ensuing annual general meeting (AGM). Lloyd Enterprises is a member of the Lloyds Group, the company is engaged in business activities of trading in Iron & Steel products and Investments.
