The following guarantees have been agreed on three bank loan portfolios under the Working Capital Scheme:
£0.5 billion to Royal Bank of Scotland in April 2009;
£0.6 billion to Lloyds Banking Group in April 2009; and
£1.1 billion to Lloyds Banking Group in July 2009.
Each bank has paid a premium to the Department for these guarantees; no money has been paid to any bank under these guarantees as there have been no defaults.