Central Bank sets aside €73m to cover losses in eurozone

The Central Bank of Ireland is to make a provision of €73 million in its accounts for 2008, arising from losses suffered by other eurozone central banks following the collapse of Lehman Brothers and a number of other institutions.

7th March, 2009

The Central Bank of Ireland is to make a provision of €73 million in its accounts for 2008, arising from losses suffered by other eurozone central banks following the collapse of Lehman Brothers and a number of other institutions.

The bank’s accounts, which will be published in early summer, will include its share of potential losses worth €5.7 billion incurred by the central banks of Germany, the Netherlands and Luxembourg, after they lent €10 billion to...

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