LONDON (Reuters) - J Sainsbury
The statement was prompted by media speculation over the weekend that Sainsbury's was on the verge of buying out Lloyds' 50 percent stake in the bank.
Sainsbury's was the first major British supermarket to open a bank, commencing trading, through the joint venture, in February 1997.
Sainsbury's Bank provides a range of products including insurance, credit cards, savings and loans.
A Sainsbury's buyout of Lloyds' stake would mirror grocery market leader Tesco's
Sainsbury's is scheduled to publish 2012-13 results on Wednesday.
(Reporting by James Davey, Editing by Paul Sandle)