Lloyds Banking Group PLC (LYG) hopes to start paying dividends as soon as a European Union ban on the payments is lifted in 2012, Chairman Win Bischoff said Thursday.

He told Dow Jones Newswires the bank will look to make the payments as soon as it can. The EU called a halt to any dividends for two years as a condition of approving Lloyds' GBP17 billion government bail-out.

Bischoff's comments were made after shareholders earlier Thursday approved a GBP22.5 billion recapitalization that will allow the bank to avoid taking further state support.

Company Web site: http://www.lloydsbankinggroup.com

--By Patricia Kowsmann, Dow Jones Newswires. Tel +44(0)207-842-9295, patricia.kowsmann@dowjones.com
Lloyds Banking (LSE:LLOY)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Lloyds Banking Charts.
Lloyds Banking (LSE:LLOY)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Lloyds Banking Charts.