Saturday August 8, 2020

Irish Nationwide and Anglo Irish Bank set to cost taxpayer €12 billion

The financial black holes in the balance sheets of Anglo Irish Bank and Irish Nationwide Building Society look set to cost the exchequer about €12 billion to remedy.

27th February, 2010

The financial black holes in the balance sheets of Anglo Irish Bank and Irish Nationwide Building Society look set to cost the exchequer about €12 billion to remedy.

As the EU approved the Nama scheme last week, details of the extent of losses facing these lenders have been emerging. Anglo is expected to announce financial results in the coming weeks which will include massive, multibillion-euro loan losses.

The losses are expected to result in the...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 7 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago