Question
asked Her Majesty's Government:How much public money has been made available to (a) the Royal Bank of Scotland, and (b) HBOS, in the past six months.
Answer
RBS Group plc, Lloyds TSB plc and HBOS Group plc have announced the terms on which they are participating in the Government's recapitalisation scheme. Details are set out in the placing and open offer agreements that were placed in the Libraries of both Houses of Parliament on 18 November. These banks are also eligible to use the Government's credit guarantee scheme (CGS). By the end of December, in total, participating banks will have accessed some £100 billion of funding under the CGS. Figures for individual banks are confidential.