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- The deal for MBNA, one of the UK's largest credit card issuers with £7bn in gross assets, will give Lloyds a 26 per cent share of the UK credit card market, up from around 15 per cent at present, adding around seven million customers and giving it a market share a point behind Barclaycard, which has 27 per cent of the market.
www.insider.co.uk/news/lloyds-banking-group-completes-19bn-10539265
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Dec 20, 2016 · The deal would increase Lloyds’ share of the UK credit card market by receivables from 15 to 26 per cent, close to the share of market leader Barclaycard, which may raise competition issues.
Jun 1, 2017 · The deal for MBNA, one of the UK's largest credit card issuers with £7bn in gross assets, will give Lloyds a 26 per cent share of the UK credit card market, up from around 15 per cent at present, adding around seven million customers and giving it a market share a point behind Barclaycard, which has 27 per cent of the market.
Jun 1, 2017 · Lloyds Bank has completed a £1.9bn takeover of the MBNA credit card business, in its first major acquisition since the financial crisis.
Given the size of MBNA’s customer base in the UK, the buyout will mean that Lloyds’ share of the credit card market in the country will go up from 15% to more than 25%.
Dec 20, 2016 · Lloyds has bought credit card provider MBNA for £1.9bn. The deal had been rumoured for several weeks and is the first time the bank has bought another major business since the financial crisis.
- Olivia Rudgard
Dec 20, 2016 · MBNA, which holds assets of £7bn, would increase group revenues by £650m a year, Lloyds said. The bank's share of the UK credit card market will increase from about 15% to 26% after the...
Nov 21, 2016 · The MBNA deal would raise its credit card market share from 15 per cent to more than 25 per cent. You might expect the market to applaud such a rare sign of ambition from a European bank.
