Lloyds Banking Group has returned to private ownership after the government sold its final stake in the company, achieving £900m in nominal profit.
Following the global financial crisis, the government bailed out the bank for £20.3bn in 2009 by taking a 43% stake.
It began selling off the shares in portions in September 2013 and has now sold off its final stake and made a nominal profit of £900m.
However, that does not cover the cost of borrowing the money to fund the bailout.
Antonio Horta-Osorio, chief executive of Lloyds, said: "Six years ago we inherited a business that was in a very fragile financial condition. Thanks to the hard work of everyone at Lloyds, we have turned the group around. But the job is not done. We are going to continue to use our strong position to help Britain prosper."
The government still holds a 73% stake in Royal Bank of Scotland but Chancellor Philip Hammond has said this may have to be sold at a loss.
Last week, Neil Woodford revealed he had bought a stake in Lloyds, his first banking holding in 15 years. The manager had 2% of his £10bn Woodford Equity Income fund in the bank, as at the end of April, making it his eleventh largest position.
"We view Lloyds as a well-managed bank with a conservative approach to its balance sheet. Its valuation looks very attractive in our view, and it has the ability to pay a very healthy and growing level of dividend," the manager said.
Laith Khalaf, senior analyst at Hargreaves Lansdown, commented on Lloyds returning to private ownership: "Lloyds is now back to business as usual, and the withdrawal of a large seller from the market should be positive for the share price.
"PPI compensation is disappearing in the rear-view mirror and the bank is paying a healthy dividend to shareholders. Unlike the FTSE 100 as a whole, Lloyds is very much a bellwether of the UK economy because of all the loans it makes to businesses and consumers in this country, so its fortunes are very much shackled to domestic conditions."
Unclear on job moves
Reforms not enough
McGhee joins from banking trade body
Our video series continues
In June 2016, immediately before the Brexit referendum, a curious thing happened.