Future of Lloyds Banking Group | Quantumrun

Future of Lloyds Banking Group

Lloyds Banking Group plc is a significant British financial institution established through the acquisition in 2009 of HBOS by Lloyds TSB. Its history originates from the establishment of the Bank of Scotland in 1695 by the Parliament of Scotland, which is the 2nd oldest bank in the UK. It is headquartered at 25 Gresham Street in the City of London and its registered office is on The Mound in Edinburgh. The operations of the group are organized into Commercial; Life, Pensions & Insurance; Wealth & International; and Retail Banking (including Mortgages and Sole Traders). The banking group has wide overseas operations in the Europe, Asia, US, and the Middle East.

Home Country: 
United Kingdom
Industry: 
Banks - Commercial and Savings
Industry vulnerability to disruption: 

<p>Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:</p>

<p>*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.<br />
*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.<br />
*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.<br />
*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.<br />
*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.</p>

Ranking List: 
186
Ranking List: 
2017 Quantumrun Global 1000
Ranking List: 
2017 Quantumrun US 500
Ranking List: 
2017 Quantumrun Silicon Valley 100
Market Revenue Country: 
Market country 
United Kingdom
Revenue from country 
1.00
Prod/Serv name revenue: 
Prod/Serv name: 
Retail
Prod/Serv revenue: 
7779000000
Prod/Serv name: 
Commercial banking
Prod/Serv revenue: 
4648000000
Prod/Serv name: 
Consumer finance
Prod/Serv revenue: 
3313000000
Founded: 
1765
Global brand rank: 
154
Company Name: 
Lloyds Banking Group
Sector: 
Revenue: 
17500000000
3y average revenue: 
17526333333
Operating expenses: 
8093000000
3y average expenses: 
8242000000
Company profile data note: 
All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page.
Global employee count: 
70433
Funds in reserve: 
47452000000
create term: 
#186 | 2017 Quantumrun Global 1000

Lloyds Banking Group plc is a significant British financial institution established through the acquisition in 2009 of HBOS by Lloyds TSB. Its history originates from the establishment of the Bank of Scotland in 1695 by the Parliament of Scotland, which is the 2nd oldest bank in the UK. It is headquartered at 25 Gresham Street in the City of London and its registered office is on The Mound in Edinburgh. The operations of the group are organized into Commercial; Life, Pensions & Insurance; Wealth & International; and Retail Banking (including Mortgages and Sole Traders). The banking group has wide overseas operations in the Europe, Asia, US, and the Middle East.

Home country:
United Kingdom
Sector:
Financials
Industry:
Banks - Commercial and Savings
Founded:
1765
Global employee count:
70,433

Financial Health

Revenue
$17,500,000,000 GBP
3y average revenue
$17,526,333,333 GBP
Operating expenses
$8,093,000,000 GBP
3y average expenses
$8,242,000,000 GBP
Funds in reserve
$47,452,000,000 GBP
#1 Market country
United Kingdom
% of revenue from country #1
1%

Asset Performance

#1 Product/Service/Dept. name
Retail
#1 Product/Service revenue
$7,779,000,000 GBP
#2 Product/Service/Dept. name
Commercial banking
#2 Product/Service revenue
$4,648,000,000 GBP
#3 Product/Service/Dept. name
Consumer finance
#3 Product/Service revenue
$3,313,000,000 GBP

Innovation assets and Pipeline

Global brand rank
154
All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page.

Disruption Vulnerability

Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.

*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.

*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.

*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.

*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.