NBNK to wind-up as Lloyds agrees Verde terms with Co-op

After a long wait, UK banking group Lloyds announced that it has agreed on the terms of the branch-network sale, otherwise known as Project Verde, to the Co-operative Group (Co-op).

After a long wait, UK banking group Lloyds announced that it has agreed on the terms of the branch-network sale, otherwise known as Project Verde, to the Co-operative Group (Co-op).

The Verde business has 632 branches across the UK with around five million customers, representing 6% of the UK branch network and, when combined with the Co-op business, around 7% of UK current accounts.

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