Lloyds Bank International is a subsidiary of Lloyds Bank, part of Lloyds Banking Group, one of Europe’s largest banking groups.
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This page will explore what is Lloyds Bank International, what it does, and whether its offshore financial services work for your financial needs.
What is Lloyds Bank International?
Lloyds Bank International, or Lloyds Bank Corporate Markets plc is the non-ring-fenced entity of the Lloyds Banking Group.
Lloyds Bank Corporate Markets was established as a non-ring-fenced bank to provide financial products and services that cannot be offered by the ring-fenced entities, Lloyds Bank and Bank of Scotland, under the requirements of new financial regulations.
While both ring-fenced and non-ring-fenced banks are part of Lloyds Banking Group, they operate as distinct legal entities.
It offers a range of offshore banking services tailored for clients managing finances across multiple countries and currencies.
- International Current Accounts: Available in Sterling (£), Euro (€), and US Dollar (US$), these offshore accounts provide features such as fee-free international payments, Visa debit cards, and 24/7 access through internet and mobile banking. A monthly fee applies, with the first three months often fee-free.
- International Savings Accounts: Designed for saving in multiple currencies, these accounts offer competitive interest rates and easy access to funds.
- Foreign Exchange Services: Facilitates international money transfers without additional charges from Lloyds, though correspondent and recipient bank fees may apply. Services include transferring money between currency accounts and handling major currencies.
- International Private Banking: For clients with £100,000 or more, offering personalized banking services, including dedicated relationship managers, and tailored wealth management solutions.
Lloyds Bank International’s services are available in numerous countries, subject to eligibility criteria.
- Internet and Mobile Banking: Clients can manage their accounts online, with services available for both Sterling and Currency accounts. Support is provided through dedicated helpdesks.
- Telephone Banking: Offers assistance for various banking needs, with specific contact numbers for clients residing outside the UK.
Lloyds Bank Corporate Markets plc is a wholly owned subsidiary of Lloyds Banking Group plc, providing a range of financial services through its branches in the UK, Jersey, the Isle of Man, and Guernsey.
The bank operates under distinct regulatory regimes in each jurisdiction, tailored to meet local financial regulations.
The financial standing of the Jersey, Isle of Man, and Guernsey branches is tied to the overall financial health of Lloyds Bank Corporate Markets plc and, by extension, Lloyds Banking Group plc.
Lloyds Banking Group Executives
- Charlie Nunn – Executive Director and Group Chief Executive
Over 25 years in financial services. Former Global CEO of Wealth and Personal Banking at HSBC. Previously worked at Accenture (Partner) and McKinsey & Co. (Senior Partner). - William Chalmers – Executive Director and Chief Financial Officer
Joined Lloyds in 2019. Former Co-Head of the Global Financial Institutions Group at Morgan Stanley. Also worked at JP Morgan in the Financial Institutions Group. - Stephen Shelley – Chief Risk Officer
Appointed Chief Risk Officer in 2017. Joined Lloyds in 2011 as Chief Credit Officer for Wholesale, Commercial, and International. Previously Chief Risk Officer at Barclays Corporate, with a 21-year career at Barclays in various risk and front-office roles. - Ron van Kemenade – Group Chief Operating Officer
Joined Lloyds in June 2023. Previously ING’s first Chief Technology Officer, responsible for transforming ING into a data-driven, digital bank. Over 30 years of technology experience in financial services and telecom. - John Winter – CEO, Corporate & Institutional Banking
Joined Lloyds in September 2022. Former Regional Executive and CEO for EMEA at MUFG. Previously spent 15 years at Barclays, where he was CEO for Corporate Banking and head of its European investment banking division.
Lloyds Bank International Offices
- London
25 Gresham Street
London EC2V 7HN
England - Jersey Branch
9 Broad Street
St Helier
Jersey JE2 3RR - Isle of Man Branch
Villiers House
2 Victoria Street
Douglas
Isle of Man IM1 2LN - Guernsey Branch
1 Smith Street
St Peter Port
Guernsey GY1 2JN
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