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Lloyds says can plug capital shortfall without issuing equity

Thu, 20th Jun 2013 06:43

LONDON, June 20 (Reuters) - Part-nationalised Lloyds BankingGroup said on Wednesday that it could meet arequirement from Britain's financial regulator for it to raise8.6 billion pounds ($13.5 billion)of new capital without issuingnew shares.

The bank said it has already taken actions to plug 5.8billion pounds of the shortfall and expected to meet theremaining 2.8 billion pound requirement through capitalgeneration from its core business.

Britain's finance minister George Osborne said on Wednesdaythe government was ready to start selling its 39 percent stakein the bank.

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