Lloyds Banking Group can confirm it has drawn 11.4 billion pounds under the LTRO for an initial term of three years. The aim is to part fund a pool of non-core euro denominated assets, Lloyds said in a statement.
Britain owns around 40 percent of Lloyds after bailing out the bank during the 2008 credit crisis.
A total of 800 banks borrowed 530 billion euros from the ECB's latest LTRO programme.
(Reporting by Sudip Kar-Gupta; Editing by Dan Lalor)