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19-07-2012, 01:20 PM
LLOYDS Banking Group has agreed to sell off 632 branches to the Co-operative Group.
The part-nationalised lender, which is offloading the branches to meet European Union rules on state aid following its government bailout, hopes to complete the sale by the end of November next year.
Under the deal, the Co-op will pay £350m initially and a further potential £400m based on performance until 2027.
Below are the Scottish branches that have been affected by the decision in alphabetical order.
More... (http://www.scotsman.com/in-full-lloyds-tsb-branches-in-scotland-being-transferred-to-the-co-operative-bank-1-2421582)
The part-nationalised lender, which is offloading the branches to meet European Union rules on state aid following its government bailout, hopes to complete the sale by the end of November next year.
Under the deal, the Co-op will pay £350m initially and a further potential £400m based on performance until 2027.
Below are the Scottish branches that have been affected by the decision in alphabetical order.
More... (http://www.scotsman.com/in-full-lloyds-tsb-branches-in-scotland-being-transferred-to-the-co-operative-bank-1-2421582)