The deals, which have a book value of approximately £2.7bn, is part of the group’s continued capital accretive non-core asset reduction strategy.
Goldman Sachs International has acquired nearly £170m trench of £2.7bn portfolio, for a cash consideration of approximately £200m, on which the 40% UK government-owned bank realized £30m in pre tax gain.
Once the whole transaction is completed, the financial service group will receive a pre tax gain of nearly £540m, and the earning will be invested for the general corporate purposes.
Furthermore, Lloyds TSB Group Pension Trust has also disposed of certain US RMBS portfolio with a book value of £805m, and received a pre tax gain on sale of £360m.
The lender, which received a bailout of $31bn during the financial crisis of 2008, is divesting its banking business as well as other operations across the globe to pay back its creditors.
In April this year, its effort to sell Verde network of 630 branches to the Co-operative Group for approximately £750m could not materialize.
