LONDON: The latest round of sales of Lloyds Banking Group shares has netted the government £500m.
The recent sales, which began in February, have lowered the publicly-owned stake in the bank to 22.98%.
Lloyds received £20bn of government support during the financial crisis, with the taxpayer taking a 40% stake.
UK Financial Investments (UKFI), given the task of administering the stake, has recouped about £8.5bn for the Treasury so far.
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