Lloyds Banking Group said it will be able to meet new heavier capital requirements from its existing business and selective disposals.In March, the Bank of England's new financial stability regulator, the Financial Policy Committee (FPC), had stated that Lloyds was overstating its capital by £3.0bn, and by the end of the year it would need to make up this difference.Lloyds has now been informed by the Prudential Regulation Authority (PRA) of its exact new minimum capital position to enable it to absorb any future losses on loans.Lloyds, which is 41% owned by the UK government, said it would be able to meet the new levels without taking recourse to further equity fundraisings or the utilisation of additional contingent capital securities.An announcement from the group said it expected to meet its additional capital requirements through its "strongly capital generative core business, continued progress in executing the group's customer focused strategy and further capital accretive non-core asset disposals". Lloyds reaffirmed its fully loaded core tier 1 ratio under new Basel III capital rules would be above 9.0% by the end of 2013 and above 10% by the end of 2014.Group Chief Executive António Horta-Osório said: "We are pleased with the substantial progress being made in the delivery of our customer focused strategy. "Our strong capital position enables the group to actively support growth and lending in the UK economy as well as delivering sustainable results for our shareholders."Shares in Lloyds were up 1.4% at 62.38 at 08:20 on Wednesday.OH