Lloyds injects €80m into Spanish subsidiary

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.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.CPO