Friday April 3, 2020

More than 1,000 Anglo borrowers on minimal interest rates

21st June, 2015

Over 1,000 borrowers from the former Anglo Irish Bank were paying interest rates of between zero and 2 per cent at the time of its liquidation in February 2013. These borrowers owed the bank about €9 billion, or 40 per cent of the IBRC’s entire loan book.

These were all commercial borrowers and do not include the bank’s ordinary mortgage holders, which it took over when Irish Nationwide was merged with Anglo to form IBRC.

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