Sunday May 31, 2020

State’s cost for Anglo may reach €25bn

The government may need to inject a further €2.6 billion in fresh capital into Anglo Irish Bank, bringing its total commitment to almost €25 billion, according to a top debt securities advisory firm.

3rd July, 2010

The government may need to inject a further €2.6 billion in fresh capital into Anglo Irish Bank, bringing its total commitment to almost €25 billion, according to a top debt securities advisory firm.

Dublin-based Glas Securities said Anglo may need additional capital over time, based on its assessment of the likely haircut on Anglo loans bought by the National Asset Management Agency (Nama) and additional impairments on Anglo’s remaining loan portfolio.

Future losses...

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