"The figures show a total of just over €155m in loans to former directors of the bank was outstanding at the end of last year, but the bank has set aside almost €109m to cover the failure or possible failure to re-pay these loans.
Former chairman Sean FitzPatrick personally owed the bank more than €85m at the end of last year. But the bank's accounts show that it anticipates that almost €68m of this may not be re-paid.
The figure for former chief executive David Drumm was just over €8.3m, with the bank setting aside €6.7m for possible non-repayment. Most of this is linked to a loan given to Mr Drumm to buy shares in the bank. It is currently the subject of legal action by the bank.
Former finance director William McAteer owed the bank €8.5m, of which more than €7.6m is not expected to be re-paid. This €7.6m figures also relates a loan given to buy shares in the bank.
The figures also show that almost €13.9m was jointly lent to Mr FiztPatrick and former director Lar Bradshaw to facilitate an investment in oil exploration. The bank has set aside €11m to account for possible non-repayment of this. €3.1m was also lent to Mr FitzPatrick to fund a hotel investment.
Anglo has made provision in its accounts for the possible non-repayment of almost €22m of the €27.3m in loans to Mr Bradshaw."
Read it and weep.
Seanie €68,000,000 write off.
Thank you Mr Cowen