Crisis another blow to sector’s reputation

Our actions send one clear message to customers, investors, credit rating agencies and the markets generally - that Ireland is a safe, secure place to do banking business.”

14th February, 2009

So said Minister for Finance Brian Lenihan in the Dáil just four weeks ago, as he introduced legislation to bring the disgraced Anglo Irish Bank under state control.

That claim was a distant memory last week, as details emerged about how Anglo artificially inflated its customer deposit base by more than €7 billion last year with the help of Irish Life &Permanent (IL&P).

Ireland’s reputation on the international investment stage...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago