The following statements is from Anglos Irish Banks Annual Report in 2006.
The Bank’s Wealth Management Division provides high net
worth clients with a variety of services including private banking,
fund management and retirement planning. Many of these clients
are also customers of our Business Lending Division.
Wealth Management operates as a single integrated division,
drawing in skills and resources as required from a variety
of areas across the Group. The Division’s primary aim is to
develop tailored investment solutions for high net worth clients,
with an emphasis on creating and preserving wealth. Services
are provided from offices in Ireland, the Isle of Man, the UK,
Austria, Switzerland and most recently, Portugal. Anglo Irish
Assurance Company, a subsidiary of the Bank, provides a range
of investment and retirement solutions as part of an integrated
service for our wealth management clients.
The rigour of our risk management standards – and the
effectiveness with which they are applied across the Group
– are clearly demonstrated by the consistently low level of
impaired loans. Impaired loans amounted to C263 million
representing just 0.5% of total Group lending. Our total
provisions at year end stood at C270 million.
The credit environment currently remains benign. However,
even if conditions change markedly in the future, we have
confidence that the Bank’s stringent risk management policies
will continue to maintain a high quality asset base.
Below are the EXECUTIVE officers of this bank. That could
David Drumm .
Tony Campbell j
A/ Does anyone believe that the developers with €28 billon of impaired loans have not availed of the banks 'wealth management' division to protect themselves? .
B/ Why are the people named above not in jail for producing a statement on their risk management as detailed above. Does anyone know how many of these brigands still work for the bank. The actual impaired loans are 100 times what the bank claimed in 2006. 100 times.
Why are Ernest and Young still in existance?.