Lloyds Exceeds Merlin Lending Target For Small Businesses
February 10, 2012, 5:19 AM ESTBy Gavin Finch
Feb. 10 (Bloomberg) -- Lloyds Banking Group Plc, the U.K.’s second-biggest taxpayer-owned lender, said it had exceeded the small business lending target it agreed with the government.
Lloyds lent 12.5 billion pounds ($19.8 billion) to small businesses in 2011, beating its target of 11.7 billion pounds, the bank said today in a statement.
To contact the reporter on this story: Gavin Finch in London at gfinch@bloomberg.net
To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net
