Lloyds Banking Group to restart dividend payments

published 16 May 2013

The Chairman of Lloyds Banking Group, Win Bischoff, said the company hopes to restart dividend payments as soon as possible.

Bishoff, who this week revealed he would retire in a year's time, also said the government will be able to sell its shares in the part-nationalised bank "over time".

"Once regulatory requirements have been clearly defined and we have prudently met them, and the financial position of the group and market conditions permit, it is our intention to recommence dividend payments," he told shareholders at the bank's annual meeting Thursday.