Lloyds reportedly targeting acquisitions for first time since bailout
Lloyds Banking Group is reportedly starting to look at acquisitions for the first time since it required its state bailout.
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According to a person with knowledge of the matter cited by Bloomberg, the lender is considering buying loan books in areas such as consumer finance and credit cards, where it aims to strengthen its market position.
The news came as Lloyds released its first-half results on Friday, posting a 15% year-on-year rise in underlying profits and an interim dividend of 0.75p per share.
Lloyds received a £20bn bailout from the UK taxpayer during the 2008 financial crisis.
At 1519 BST on Friday, Lloyds shares were down 2.6% at 83.79p.