Lender halts new car loans in Crown dependencies [Yahoo! Finance]
Lloyds Banking Group Plc American Depositary Shares (LYG)
US:NYSE Investor Relations:
lloydsbankinggroup.com/investors
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Source: Yahoo! Finance
A subsidiary of Lloyds Bank has announced it is no longer offering new vehicle loans to customers in the Crown dependencies. Black Horse Offshore said, with the exception of the vehicle loans, its other lending products would now be provided by its parent company. A spokesperson said a "small number" of staff in Jersey, Guernsey and the Isle of Man would be affected by the changes. Existing motor finance customers would continue to be serviced until their contracts ended, but no additional borrowing on existing loans would be offered, the company said. It said as a result of the move the Black Horse brand would cease to exist in the Crown dependencies. Black Horse Offshore is owned by the Lloyds Banking Group [BBC] Lloyds Banking Group said the changes formed part of its plans for business growth. "To achieve the ambitious strategy that we launched in February 2022 and deliver better service to our customers, we are transforming our business," the spokesperson said. "
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LYG
Sec Filings
- 12/5/25 - Form 6-K
- 12/4/25 - Form 6-K
- 12/3/25 - Form 6-K
- LYG's page on the SEC website