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Thu 08 Aug 2009Impossible for foreign banks to trade here, says Rabobank
DUTCH LENDER Rabobank has said it is no longer possible for foreign banks to trade in Ireland after the bank disclosed that it had set aside €1 billion to cover losses on the €5 billion loan book at its Irish subsidiary, ACCBank.
The Dutch bank said that foreign banks in Ireland had “to take care of themselves” as Government support measures were not available to non-Irish banks. The bank named Nama as one support.
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