Lloyds' lending at odds with use of BoE funding scheme
Lloyds Banking Group’s net lending shrunk by £6.1 billion ($8.6 billion) between June 2016 and February 2018, despite it being the largest borrower from the Bank of England’s Term Funding Scheme (TFS).
At the close of the scheme, Lloyds had borrowed almost £20 billion out of the £127 billion the central bank made available for firms to loan out to the wider economy. Figures released on April 4 following the scheme’s end in February show that Lloyds’ cumulative lending to households
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