Lloyds Bank is on course to be the biggest borrower from the Bank of England’s Term Funding Scheme (TFS), having tapped the facility for almost £20 billion ($27.47 billion) since its launch in late 2016.
RBS is a close second with outstanding TFS drawings of £19 billion. The Edinburgh-based bank was the biggest borrower from the scheme in the fourth quarter of last year, with £5 billion borrowed out of total drawings of £17 billion.
Despite being the largest borrower, Lloyds’ cumulative net
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