State faces new Anglo cash call

The government will have to inject several billion euro in fresh capital into Anglo Irish Bank, following write-offs at the bank after its loans are transferred to Nama.

19th September, 2009

The government will have to inject several billion euro in fresh capital into Anglo Irish Bank, following write-offs at the bank after its loans are transferred to Nama.

Banking sources believe that Anglo will need a minimum of an additional €4 billion in fresh state capital to continue to operate once the loans are transferred and say this could rise to€6 billion or more due to further write-downs likely on loans not transferred to Nama....

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