
Vizeum, which was the incumbent on the £36 million HBOS account, and OMD which also pitched for the business, have been knocked out of the running.
ZenithOptimedia handles the £44 million Lloyds business.
The review was called in March is year and is led by Joe Clift, the head of brand and customer marketing at Lloyds and coordinated by the pitch management consultancy Media Sense.