Saturday August 8, 2020

What options now remain for beleaguered Anglo Irish?

It is far from clear what Anglo ’s future might be, but a stateowned business lender sourcing funds cheaply is one possibility, writes Richard Curran

20th February, 2010

Anglo Irish Bank is expected to deliver another truly awful set of financial results early next month. Few might care, except that right in the middle of the accounts will be a clear indication of how much more state funding the nationalised bank will need.

This figure will be based on the bank’s assessment at that stage of the level of writedowns it will have to take from bad loans.

Anglo Irish Bank...

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