October 23, 2009 / 4:53 PM / 8 years ago

Decision on Lloyds unlikely next week - UK govt source

LONDON, Oct 23 (Reuters) - The British authorities are unlikely to decide next week whether or not Lloyds (LLOY.L) can exit the government’s asset protection scheme, a government source told Reuters on Friday.

“It’s unlikely that a final decision will be made in the coming week,” the source said, on condition of anonymity.

Britain’s largest retail bank, 43 percent owned by the government, is hoping for a decision early next week that could allow it to go ahead with a rights issue in December, sources told Reuters earlier. [ID:nLN327467]

Reporting by Matt Falloon, Editing by Christina Fincher

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