The total amount of money lent to ten clients of Anglo Irish Bank to buy shares in the bank was €451 million the bank said today.
Anglo Irish Bank also issued loans to directors of €255 million last year and by the end of September €179 million of this remained outstanding, according to the bank's annual report published today.
You can find the Anglo Annual Report here.
More from The Irish Times.
Last edited by David Cochrane; 20th February 2009 at 04:43 PM.
so the figure of 300m being loaned was only wrong by 150m not much really !!!!
What's 151 million between friends?
Chairman Donal O’ Connor says that €83m of that €451m has been repaid but its unclear how much more will be.
This is because the value of the shares being held as security for the loan won’t be known until an independent assessor completes his job of valuing the bank.
However a quarter of the borrowing has been secured against the personal assets of the 10.
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time to haul that money in... or have anglo written off the securities as has been heavily suggested.
pocket change. it's only fund 16 times the money needed to reverse the education cuts for autistic children.Originally Posted by cashinhand
€337 million due in loans Past due 1 to 30 days
That is serious Sh1t
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Anglo Irish Bank also issued loans to directors of €255 million last year and by the end of September €179 million of this remained outstanding, according to the bank's annual report published today.
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http://www.angloirishbank.com/Invest...eport_2008.pdf
Its a PDF file - about 1mb.
Aidan
Obvious Head line thing is the €300m is now up to €451m.....
The SF accomodation in London is nothing
€331m in outstanding loans 1-31 days (massive)
Also the payments to David Drumm seem large
http://www.angloirishbank.com/Invest...eport_2008.pdf
Just wanted to put a topic up as there seems to be a few posts going into different threads
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Merging this with the main thread - which i'd ask people use.
http://www.politics.ie/economy/47364...ares-bank.html
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