Sign up to The Irish Times Archive (1859 - 2008)My Account »
Sat 02 Feb 2009Anglo's top 15 clients each owe in excess of €500m
MAJOR CLIENTS of Anglo Irish Bank have been mothballing development projects, running up interest bills and trying to sell off assets, according to a report on the now nationalised bank released last night.
The report also reveals that in the last full week of September, customers withdrew €5.44 billion from the bank and the bank’s management was expecting a further €6.6 billion to be withdrawn by mid-October. The Government announced its deposits guarantee scheme on September 30th.
Choose a Subscription type - required
