Originally posted by Big Poppa Pump
View Post
In an interview with The Australian in February, Smith said Lloyds International had a strong future in Australia despite posting a $1.2 billion loss for 2011.
The Australian reported that documents lodged with the Australian Securities & Investments Commission indicated Lloyds International made an operating profit of $403 million in 2011, but had to write off $1.6bn in commercial property loans.
In 2010 the bank made a loss of $1.6bn and wrote off $2.3bn in loans.
The Australian reported that documents lodged with the Australian Securities & Investments Commission indicated Lloyds International made an operating profit of $403 million in 2011, but had to write off $1.6bn in commercial property loans.
In 2010 the bank made a loss of $1.6bn and wrote off $2.3bn in loans.



Comment