PRESS: Lloyds Banking to grow corporate, institutional and US arms

(Alliance News) - Lloyds Banking Group PLC will set out plans to expand its Corporate & Institutional business as part of its next strategic update this summer, the Financial Times reported on Wednesday, citing "two people familiar with the matter".

The effort to increase lending to large companies and services to financial institutions will mean growing the bank's offices in the US and other international locations to better serve multinational British customers, one of the people said, according to the FT.

The expansion of the CIB division will be a change for Lloyds, the newspaper noted, as it has recently focused on retail clients and domestic UK activities.

This year represents the end of a five-year strategy set out in 2022. At the bank's annual results last week, Chief Executive Charlie Nunn said he would set out the next stage of Lloyds' strategy in July.

Lloyds will release first-quarter results on April 29 and half-year results on July 30. It holds its annual general meeting on May 14.

Lloyds shares were up 0.8% at 113.53 pence in London on Wednesday.

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Lloyds