Lloyds Bank International
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| Private limited company | |
| Industry | Banking and financial services |
| Founded | 2013 (1911) |
| Headquarters | Saint Helier, Jersey, Channel Islands |
| Products | Retail and Commercial banking |
| Parent | Lloyds Banking Group |
| Website | international |
Lloyds Bank International is a wholly owned subsidiary of Lloyds Bank in the United Kingdom, which is in turn part of Lloyds Banking Group, one of the largest banking groups in Europe.
The bank's overseas expansion began in 1911 and the Lloyds Bank International name, historically a major international commercial bank, is now used for its offshore banking interests.
Lloyds TSB Offshore was formed in Jersey in 2004, with branches in Guernsey and the Isle of Man. In 2013, Lloyds TSB Offshore, incorporating the former Bank of Scotland International, was renamed Lloyds Bank International. At the same time, Lloyds TSB Bank (Gibraltar), which also traded as Lloyds Bank International, became Lloyds Bank (Gibraltar).
In 2014, the Swiss wealth management bank, Union Bancaire Privee, bought Lloyds Banking Group’s non-UK private banking businesses in Monaco and Gibraltar.
In 2015, Lloyds Bank International employed over 1,000 people in the Channel Islands and Isle of Man.
In 2010, following the takeover of HBOS by Lloyds TSB Group, Lloyds TSB Spain and Banco Halifax Hispania S.A.U. became Lloyds Bank International S.A.U. In 2014, Banco de Sabadell completed the acquisition of the Spanish operation and renamed it Sabadell Solbank S.A.U.
In 2013, the Amsterdam branch of Bank of Scotland also transitioned to the Lloyds Bank name, while a Berlin branch continues to trade as Bank of Scotland. The branch offers personal mortgages and acquires private savings in the Netherlands over the internet and through intermediaries. Lloyds Bank has been separately active in the Dutch commercial banking market since 1966.
The former Lloyds Bank International (LBI), both directly and through its banking subsidiaries, BOLSA and BOLAM, together with the National Bank of New Zealand, Lloyds Bank California and the colonial and foreign (later overseas) department of Lloyds Bank, was responsible for the international and foreign banking business of the Lloyds Bank group of companies from 1974 until a rationalisation of the business in 1986. At its inception, LBI employed 11,000 people of many nationalities; of this total, some 1,400 worked in the UK.
In 1911, Lloyds Bank (France) was formed when the bank acquired Armstrong and Co., based in Paris and Le Havre. From 1917, it was run jointly as Lloyds and National Provincial Foreign Bank. In 1955, Lloyds Bank bought full ownership and it became Lloyds Bank (Foreign). In 1964, with branches in London, Paris, Biarritz, Bordeaux, Le Havre, Lille, Nice, Roubaix, St Jean de Luz, Cannes, Brussels, Antwerp, Geneva, Zurich and Monte Carlo and flourishing with the development of the profitable Eurodollar market, Lloyds Bank (Foreign) was renamed Lloyds Bank Europe.
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