Tuesday December 1, 2020

Taxpayer may yet pay the bill for Anglo Irish move

Anglo Irish Bank’s €7 billion cushion from bad debts on its balance sheet only applies in the event that the bank is effectively wound down, according to industry sources.

24th January, 2009

Anglo Irish Bank’s €7 billion cushion from bad debts on its balance sheet only applies in the event that the bank is effectively wound down, according to industry sources.

Finance minister Brian Lenihan told the Dáil last week that Anglo had a €7 billion cushion on its balance sheet which would be eaten up first before the bank started costing the taxpayer any money.

This figure is made up of €4.1...

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 | 11 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 | 5 years ago