Lloyds Banking Group plc 9.25% NON-CUM IRR PRF SHS GBP0.25

Operating from its UK base, Lloyds functions as a leading retail and commercial bank. Its operations are segmented into three principal divisions: retail, commercial banking, and an insurance and wealth management arm. Within its retail segment, Lloyds primarily extends mortgages, accounting for a substantial 66% of its total loan portfolio, alongside providing credit cards and current accounts to its consumer base. The commercial banking division supports major corporations and financial institutions across the UK, offering credit facilities, transaction banking, working capital solutions, and debt capital market advisory services. Rounding out its comprehensive product array, the insurance and wealth segment delivers life and property protection, pension solutions, and tailored asset management for high-net-worth individuals.