Lloyds Banking Group Plc said Antonio Horta-Osorio will return to the position of chief executive on January 9 after independent medical advice said he had made a full recovery after being on sick leave from stress.

Lloyds, which is 40 percent owned by the British government after a bailout during the 2008 credit crisis, shocked investors last month by saying 47-year-old Horta-Osorio would take a break after suffering a stress-related illness.

It has since been assessing whether he should return to his position.

(Reporting by Matt Scuffham; Editing by Paul Sandle)