Lloyds offloads Spanish retail bank in €100m deal The part state-owned lender, which will take a loss on disposal of around £250m, will receive a 1.8pc, €84m stake in Spain's fifth biggest bank, plus up to €20m over five years. Lloyds' Spanish business has total assets of £1.52bn, which consist mainly of retail mortgages At the end of March, the total assets of the sale were around £1.5bn, mostly customer lending and customer deposits of £670m. Last year the business reported a £43m loss, which included an increase in the impairment provision as a percentage of impaired loans to about 90pc. The deal is subject regulatory approval and is expected to complete this year.