Lloyds Banking Group reported £186 bn ($201bn) funds under
management in the first quarter of 2012, £4bn up from last quarter,
and £5.5bn down on a year-on-year basis.
The Lloyds group made a continued growth in
customer deposits by 2%, which has grown by 6% since the last
quarter of 2011. This reflected good growth in retail, wealth and
international division, the UK bank said.
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Lloyds said it had made progress with new
proposition development in its wealth and insurance divisions
before Retail Distribution Review (RDR) implementation, and by
bringing together its UK and International wealth offices under
single leadership as at 31 March 2012.
The UK banking group sold its onshore business
in Dubai to HSBC Bank, Middle East to streamline its presence from
30 countries to less than half the number by 2014
end.
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