Market Investments

UKFI manages the investment on behalf of the Government in The Royal Bank of Scotland, and formerly managed the Government’s investment in Lloyds Banking Group.
The UKFI Annual Report and Accounts 2016/17 sets out details of the holdings as at 31 March 2017 and share price performance over the year.
As at 31 March 2017 the Government held a total of 8.4 billion shares in RBS. This is equivalent to 71.2 percent of total share capital.
On 17 May 2017, it was announced that UKFI had sold the remaining shares in Lloyds through the trading plan announced in October 2016. A link to the announcement made by HM Treasury is available here.

31st March 2017

UKAR announces £11.8 billion sale of Bradford & Bingley assets
UK Financial Investments Limited (UKFI), today confirms that following an open and competitive sales process, UK Asset Resolution Limited (UKAR), the holding company for the government owned businesses of Bradford & Bingley plc (B&B) and NRAM Limited (NRAM), has agreed to sell two separate asset portfolios of performing buy-to-let loans from B&B to Prudential plc and to funds managed by Blackstone for £11.8 billion

7th October 2016

Intention to sell shares in Lloyds Banking Group plc through a trading plan
UKFI today announces that it intends to continue to sell Her Majesty’s Treasury’s (“HMT”) shareholding in Lloyds Banking Group plc (the “Company”) over the next twelve months through a pre-arranged trading plan that will be managed by Morgan Stanley & Co. International plc (“Morgan Stanley”).