Osório: rescued to 7 times better bank11 Jul 2019 13:06
António received another distinction tonight
Ten years after the rescue, Lloyds is elected the UK's best bank for the seventh consecutive time. António Horta Osório, who led the bank in the recovery - making profits in a couple of years and delivering fat dividends to the British state before delivering the share taken as a counterpart in the years of the rescue - and continues ahead of the institution, received the award tonight awarded by Euromoney , at a ceremony held at Hilton Park Lane in London. Due to the work carried out by the British bank, the Portuguese banker has been recognized successively, having already received a distinction this year from Fortune magazine , which considered him one of the 50 great world leaders today, and the Foreign Policy Association your career. Only two moments among the many in which he became the most awarded Portuguese banker ever, in recognition of his extraordinary journey.
In March, Horta Osório returned to extraordinary results from Lloyds, where he arrived in 2011 with the mission of raising an institution in a state of near bankruptcy and dealing with a ransom. Two years later he was already adding profits and distributing dividends to shareholders - including the British state - and quickly returned the status of 100% private bank. For eight years leading Lloyds, where he saw the newly renewed mandate with 99.77% of the favorable votes , Horta Osório closed 2018 with profits increasing by 24%, to a value of more than 5 billion euros.