The government held a 43% stake in Lloyds after bailing out the bank for £20bn after the financial crisis. The trading plan was launched on 17 December 2014 and will end no later than 31 December 2015.
Earlier this month, the government sold 5.4% of its stake in the Royal Bank of Scotland, raising £2.1 billion and reducing the taxpayer shareholding from 79% to 73%.
Chancellor of the Exchequer, George Osborne said:
"It’s fantastic news that we’ve sold more shares in Lloyds Bank, taking the total recovered to £14.5 billion.
"I am determined to build on this success, and to continue to return Lloyds to the private sector and reduce our national debt."
