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Written question asked by Lord Mann (Labour) on Thursday, 31 March 2011, in the House of Commons. It was due for an answer on Tuesday, 5 April 2011. It was answered by Mark Hoban (Conservative) on Tuesday, 5 April 2011 on behalf of the Treasury.


Financial Institutions

Question
To ask the Chancellor of the Exchequer what recent estimate UK Financial Investments Ltd has made of the monetary value of each of the financial institutions in which it has a stake.
Answer

UK Financial Investments (UKFI) manages the Government's shareholding in Bradford and Bingley plc; Northern Rock Asset Management plc; Northern Rock plc; Lloyds Banking Group; and the Royal Bank of Scotland on an arm's length and commercial basis.UKFI set out a summary of investee banks' performance and key financials in their annual report.


Secondary information

Type
Written question
Reference
51324; 526 c892W
Session
2010-12
Subjects
Banks Finance
Link
View this Written question on www.publications.parliament.uk