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Thu 09 Sep 2010Anglo cost to be at least €29.3bn
The Government has today announced a final estimate for the cost of the Anglo Irish Bank bailout of at least €29.3 billion and has said AIB will require an additional €3 billion in funding and Irish Nationwide a further €2.7 billion.
The Anglo figure of €29.3 billion is based on a haircut of 67 per cent on the remaining €19 billion in loans to be transferred into the National Asset Management Agency (Nama) before the end of the year.
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