Lloyds Banking Group plc (LLOY.L,LYG) announced it has agreed the sale of a portfolio of US residential mortgage backed securities to a number of different institutions for a cash consideration of 3.3 billion pounds. The transaction is part of the Group's continued capital accretive non-core asset reduction. As a result of the transaction, the Group will realise a pre tax gain on sale of approximately 540 million pounds.
Lloyds Banking said the assets subject to the transaction have a book value of approximately 2.7 billion pounds. The Group noted that of the 2.7 billion pounds portfolio, approximately 170 million pounds has been sold to Goldman Sachs International Ltd for a cash consideration of approximately 200 million pounds. The Group will realise a pre tax gain on sale of approximately 30 million pounds on this portion of the portfolio.
The Lloyds TSB Group Pension Trust (No. 1) Limited also sold its share of the portfolio of US RMBS realising a pre tax gain on sale of 360 million pounds, which will reduce the deficit in the scheme.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.