Lloyds Bank International is a wholly owned subsidiary of Lloyds Bank Corporate Markets in the United Kingdom, which is in turn part of

Lloyds Banking Group Lloyds Banking Group plc is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees. Lloyds B ...

, one of the largest banking groups in Europe. Lloyds Bank's overseas expansion began in 1911 and the Lloyds Bank International name, historically a major international commercial bank, is now used for the group's offshore banking interests.

Present operations

Lloyds TSB Offshore

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 Bank of Scotland International Limited was the international banking division of Bank of Scotland. Established in 2003, it was headquartered in Jersey, and operated branches on the Isle of Man and Hong Kong, until merging with Lloyds TSB Offshor ...

, 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.

Netherlands

In 2013, the Amsterdam branch of

Bank of Scotland The Bank of Scotland plc (Scottish Gaelic: ''Banca na h-Alba'') is a commercial bank, commercial and clearing (finance), clearing bank based in Edinburgh, Scotland, and is part of the Lloyds Banking Group. The bank was established by the Par ...

also transitioned to the

Lloyds Bank Lloyds Bank plc is a major British retail banking, retail and commercial bank with a significant presence across England and Wales. It has traditionally been regarded one of the "Big Four (banking)#England and Wales, Big Four" clearing house ...

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.

Previous operations

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.

Europe

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, the 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 Eurodollars are U.S. dollars held in time deposit accounts in banks outside the United States. The term was originally applied to U.S. dollar accounts held in banks situated in Europe, but it expanded over the years to cover US dollar accounts ...

market, Lloyds Bank (Foreign) was renamed Lloyds Bank Europe.

Banco Halifax Hispania

In 2010, following the takeover of

HBOS HBOS plc is a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group, having been taken over in January 2009. It was the holding company for Bank of Scotland, Bank of Scotland plc, which ...

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 Banco de Sabadell, S.A. () is a Spanish multinational financial services company headquartered in Sabadell, Catalonia. It is the 4th-largest Spanish banking group. It includes several banks, brands, subsidiaries and associated banks. It is a uni ...

completed the acquisition of the Spanish operation and renamed it

Sabadell Solbank Sabadell Solbank was a Spanish bank owned by Banco de Sabadell, which focussed on retail banking for Europeans living in the coastal areas of southern Spain. In 2014, it was fully integrated into the parent company. History Banco NatWest España ...

S.A.U.

Bank of London and South America

A strong connection with Latin America began in 1918, with the acquisition of the London and River Plate Bank. The 1923 merger of this bank with the London and Brazilian Bank resulted in the

Bank of London and South America The Bank of London and South America Limited (BOLSA; , also known simply as ''Banco de Londres'') was a British bank, which operated in South America between 1923 and 1971. Origins The bank's predecessor was incorporated in England on 27 Septem ...

. Further expansion occurred in 1936, when BOLSA took over the

Anglo-South American Bank The Anglo-South American Bank was a British and Argentine bank established with the acquisition of the Anglo-Argentine Bank in 1900 by the Bank of Tarapacá and London. The new bank first took the name of Bank of Tarapacá and Argentina, which it ...

. The

Bank of London and Montreal The Bank of London and Montreal Limited was a joint venture between Bank of London and South America (BOLSA), a subsidiary of Lloyds Bank, and Bank of Montreal. It was established in 1958 and headquartered in Nassau, Bahamas. History *1958 Bank o ...

was a joint venture between the Bank of London and South America and the

Bank of Montreal The Bank of Montreal (, ), abbreviated as BMO (pronounced ), is a Canadian multinational Investment banking, investment bank and financial services company. The bank was founded in Montreal, Quebec, in 1817 as Montreal Bank, making it Canada ...

, established in 1958 and headquartered in the Bahamas. In 1970, BOLSA acquired full control BOLAM and, in 1971, Lloyds Bank bought the controlling interest in BOLSA and merged it with Lloyds Bank Europe to form Lloyds and Bolsa International Bank, which became Lloyds Bank International in 1974, as it further strengthened its position in international markets. In 1986, LBI's undertakings were vested in the parent Lloyds Bank by

private Act of Parliament Proposed bills are often categorized into public bills and private bills. A public bill is a proposed law which would apply to everyone within its jurisdiction. A private bill is a proposal for a law affecting only a single person, group, or are ...

as changes in international bank taxation arrangements meant its ongoing existence no longer offered any commercial advantage.

Other operations

Although its foreign interests were focussed on western Europe and south America, by 1985, Lloyds Bank had offices in 45 countries worldwide.

National Bank of New Zealand

In 1872, the

National Bank of New Zealand The National Bank of New Zealand Limited (NBNZ), often referred to as The National Bank, was one of New Zealand's largest banks. Throughout much of its history, the National Bank provided commercial banking services to mainly major industrial a ...

was founded in London as an overseas bank and shared many directors with Lloyds Bank. In 1919, Lloyds Bank acquired a small interest in the National Bank and in 1966, purchased it outright. In 1978, the National Bank moved its head office from London to Wellington. The commanding presence of the National Bank was further strengthened in 1994, by the takeover of the former government-owned Rural Bank from

Fletcher Challenge Fletcher Challenge was a multinational corporation from New Zealand. It was formed in 1981 by the merger of Fletcher Holdings, Challenge Corporation and Tasman Pulp and Paper. It had holdings in construction, forestry, building, and energy, i ...

, making it the country's leading provider of agricultural finance. In 2003, Lloyds TSB sold the National Bank to the

Australia and New Zealand Banking Group The Australia and New Zealand Banking Group Limited, commonly known as ANZ Bank, is a multinational corporation, multinational banking and financial services company headquartered in Melbourne, Victoria (state), Victoria, Australia. It is Austr ...

and in 2013, ANZ announced that the National Bank brand (including the black horse device and colour green) would be retired.

Middle and Far East

In 1961, Lloyds Bank transferred its eastern division (including Cox's & King's, British army agents) to National and Grindlays Bank in exchange for a 25 per cent share in National and Grindlays (renamed

Grindlays Bank The historic overseas bank was established in London in 1828 as Leslie & Grindlay, agents and bankers to the British Army and business community in India. Banking operations expanded to include the Indian subcontinent, the Middle East and eleme ...

in 1975). The bank retained its interest in Grindlays until 1984, when it was sold to the ANZ Banking Group. In 2014, it was announced that Lloyds' Coxs and Kings branch would close by 2016.

North America

In 1974, Lloyds Bank acquired First Western Bank and Trust Company, renaming it

Lloyds Bank California Lloyds Bank California was a wholly owned subsidiary of Lloyds Bank Plc in the United Kingdom from 1974 to 1986. Throughout its existence, the U.S. retail banking operation functioned as an autonomous unit of the Lloyds Bank Group, alongside Lloyds ...

to reflect the change in ownership. Lloyds Bank California acquired First State Bank of Northern California in 1976, and, in 1986, its 88 branches and US$3 billion in assets, were divested to Japanese-owned Golden State

Sanwa Bank The was a major Japanese bank headquartered in Osaka, which operated from 1933 to 2002. It resulted from the merger of three local banks, (est. 1877 as 13th National Bank), (est. 1878), and (est. 1879 as 148th National Bank). In 2002, Sanwa ...

for $263 million in cash.Broder, John M
Lloyds to Sell 88 California Banks : Japanese-Owned Golden State Sanwa to Pay $263 Million
Los Angeles Times, 15 February 1986

Lloyds Bank Canada Lloyds Bank Canada was a wholly owned Canadian subsidiary of Lloyds Bank Plc of the United Kingdom from 1986 to 1990. Its headquarters were in Toronto, and it had 53 branches throughout Canada. It functioned as a member of the Lloyds Bank Group, w ...

was formed in 1986, when the bank purchased the

Continental Bank of Canada The Continental Bank of Canada is a chartered bank in Canada founded in 2013. A different bank operated under that name in the early 1980s. First Continental Bank The first Continental Bank had its origins in 1925 when the Industrial Acceptanc ...

. In 1990, after several years of losses, Lloyds Bank sold its Canadian operation to the

Hongkong Bank of Canada HSBC Bank Canada (), formerly the Hongkong Bank of Canada (HBC), was a British-Canadian chartered bank and the former Canadian subsidiary of British multinational banking and financial services company HSBC founded in 1981. It was the seventh ...

, a subsidiary of

HSBC Holdings HSBC Holdings plc ( zh, t_hk=滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business li ...

References

External links

Lloyds Bank International website

Lloyds Bank Islands Retail website

Lloyds Bank Islands Commercial website
{{Lloyds Banking Group Lloyds Banking Group Banks established in 1974 Banks established in 2013 Defunct banks of the United Kingdom