Lloyds Banking Group said it has reduced its outstanding capital requirement to below £2bn, following the £8.6bn aggregate shortfall figure announced yesterday.
The group said a £1.6bn dividend payment the board of Scottish Widows resolved to pay out to Lloyds TSB yesterday had helped to take its outstanding capital requirement for the remainder of the year down to £1.9bn. The Prudential Regulation Authority (PRA) said it had identified an £8.6bn aggregate capital shortfall for Lloyd Banking Group, out of a total of £27.1bn in the UK sector. The group says this figure does not reflect £4.2bn generated since the end of 2012 both through non-core disposals and other transactions. Since the publication of the group's five year plan, which f...
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