Lloyds Banking Group topped up the capital in its Australian subsidiary operations by A$600 million,
The Age reports. The additional capital represents an increase of around 15 per cent.
In its third quarter management statement two months ago Lloyds said that Australian and Irish impairments for the second half of 2010 would keep second-half impairments in its wealth and international division to similar levels to the first half of the year.
In its last round of financial statements, Lloyds said that impairment losses, in Australian dollar terms, decreased by seven per cent over the June 2010 half-year compared with the December 2009 half.
Lloyds said then that, on an annualised basis, impairment losses as a percentage of average loans were unchanged in the latest half at 6.3 per cent.
The bank has recently begun making use of its separately licensed foreign bank branch in Australia.