Regulator to probe loans to Anglo directors and executives

The controls Anglo Irish Bank used in extending loans to directors and senior managers are likely to be probed by the Financial Regulator, following revelations by Anglo chairman Donal O’Connor last week that some loans extended to executives were im

13th June, 2009

The controls Anglo Irish Bank used in extending loans to directors and senior managers are likely to be probed by the Financial Regulator, following revelations by Anglo chairman Donal O’Connor last week that some loans extended to executives were impaired.

Sources believe that, in some cases, executives were extended loans to buy Anglo shares and, with these shares now worthless, some will struggle to repay these loans.

Anglo’s annual report revealed that €31million...

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