UK Financial Investments is unlikely to offload more shares until after the bank’s full-year results next year, according to senior bankers familiar with the deal.

UKFI, which manages HM Treasury's holdings in Lloyds and Royal Bank of Scotland, sold a 6% stake in Lloyds priced at 75p per share last night. Shares in the lender had closed at 77.4p yesterday, meaning buyers of the stock received a 3% discount.