British banking giant Lloyds has injected €80m into its Spanish subsidiary in order to strengthen its solvency, reports Spanish daily Cinco Dias.
The measure will increase capital from €131m to €211m.
The newspaper also reports that the firm will close 2011 with a core capital ratio of more than 10%. Lloyds' main shareholder is the UK Treasury with a 41% stake following the merger of Lloyds TSB and Halifax in 2008.
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Lloyds Bank International manages assets worth €2bn. Of that amount, it manages €1.9bn in credits. It has staff of 360 people in 29 offices in Spain.
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