Sign up to The Irish Times Archive (1859 - 2008)My Account »
Fri 05 May 2009Government to inject up to €4 billion in Anglo Irish
The Government is to seek EU approval to inject up to €4 billion of capital into the nationalised Anglo Irish Bank after it reported a loss of €4.1 billion and warned these could reach €7.5 billion over the next three years.
Anglo today reported a €4.1 billion pretax loss for the six month period to March 31st, mainly as a result of loan losses of €3.7 billion. The €4.1 billion loss is equivalent to 5.6 per cent of its loan book.
Choose a Subscription type - required
