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Lloyds' direct UK and Irish CRE loan exposure shrinks by £6.2bn over 2013

Lloyds Banking Group reduced its non-core UK direct real estate and Irish commercial property loans by £6.2bn over 2013, leaving just £13.2bn remaining across the two major sub-pools of the bank’s legacy lending for the sector.
By James Wallace
February 13, 2014 | 8:30 P.M.

In the bank’s annual results published this morning, Lloyds reported a £4.29bn reduction, or 35.9%, to £7.64bn in the bank’s “non-core UK direct real estate” loan book, which is defined as exposure to the sector that is directly supported by cash flows from property activities.

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