Protestors disrupt Lloyds TSB annual meeting
Friday 12 April 1996
A Lloyds spokesman said: "We do not believed that writing off the debt is the answer. We believe the best way forward is to stay with the countries and help them establish their reputation for financial reliability which will help them raise the finance they need for the future."
In 1995, problem-country debt contributed pounds 50m to Lloyds TSB's income before tax, comprising pounds 22m from a trading surplus and pounds 28m from a net release of provisions on completion of a rescheduling agreement with Ecuador. This was much lower than in 1994.
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