Local banks eye Lloyds Aussie assets

Lloyds exit from the Australian market could provide an opportunity for domestic banks

The Australian assets of British bank Lloyds have sparked growing interest from the likes of National Australia Bank (NAB), Westpac Banking Corp and Macquarie Bank as speculation grows that Lloyds could exit Australia by the end of 2013, according to The Australian Financial Review.

The partially state-owned Lloyds has been moving to shrink its global presence as part of its efforts to restabilise the bank's core British holdings.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles