Lloyds Banking Group plc (LBG) — the Edinburgh-registered parent of Bank of Scotland, Scottish Widows and Halifax — said on Tuesday it has completed a £1.7 billion share buyback programme it announced earlier this year.
Shares of Lloyds Banking Group have risen 80% to around 95p in the past year to give the firm a current stock market value of roughly £56 billion.
“Following the purchase of ordinary shares on 8th December 2025, Lloyds Banking Group plc announces that the company’s share buyback programme announced on 21 February 2025 was completed in accordance with its terms,” said the company.
“The programme was managed by Morgan Stanley & Co. International plc.
“In aggregate between 21 February 2025 and 8th December 2025, the company repurchased 2,204,109,740 ordinary shares for an aggregate consideration of £1.7bn.”