When you think of a bank, you might think of paying bills, saving for a mortgage, and conveniently-located ATMs. But Lloyds Banking Group has wide ranging interests, and retail banking is just the start. Working for the Group you could help get a new business off the ground or mitigate the Bank's investment risks. Here are three things you might not know about working for Lloyds Banking Group.
1) Helping Britain Prosper
Lloyds Banking Group takes a leading role in helping the UK economy. It’s important to address the social and economic issues that matter most to Britain. Common issues are getting a home, saving for later life, building digital skills, championing Britain's diversity and tackling social disadvantage.
The Group's Helping Britain Prosper Plan, launched in 2014, was put in place to achieve this. It sets measurable targets in the areas that make the biggest difference. In 2017, LBG achieved 21 out of 22 targets, including:
- Lending £13bn to first-time buyers
- Creating over 1,200 new apprenticeships
- Supporting more than 124,000 start-up businesses
- Supporting more than 2,800 charities through our independent charitable foundations
- Raising £4.8m for Mental Health UK
The Plan is an investment in the Group's long-term sustainable success. This underpins the aim to become the best bank for customers whilst delivering superior and sustainable returns for shareholders.
2) Promoting Digital and Financial Inclusion
Lack of computer skills makes modern banking difficult, and disabled people often face barriers to getting online. Lloyds Banking Group have partnered with AbilityNet. AbilityNet is a UK charity helping disabled adults and children use computers and the internet by adapting and adjusting their technology. They have partnered as part of Lloyds commitment to be the best bank for customers. They are working towards accrediting the Group’s websites and apps to ensure that all users have a positive experience.
Accreditation from AbilityNet means the Group's websites and apps are correctly designed, developed and edited for accessibility from start to finish.
Within Lloyd’s Banking Group, there’s an Access Network to support staff members with additional workplace needs. Representatives across the business host disability awareness sessions. They also signpost colleagues to sources of support and promote wider Access activities.
3) Access to Affordable Credit
Over the last 20 years, unsecured consumer credit levels have tripled. We might need to plug an income gap due to less secure working patterns or invest in a new venture. Either way, our credit needs are changing. However, many consumers now face a situation where they can’t get affordable credit.
Lloyds Banking Group is committed to ensuring that everyone has access to banking facilities. The Group offers £1Million in grants annually through the Credit Union development fund. The fund promotes sustainable growth in the credit union sector. It helps ensure more people have access to the affordable credit that can change lives and regenerate communities.
If you're interested in a career with Lloyds Banking Group, you can find the latest jobs on VERCIDA's jobs database.