Ansbacher sold for €201m to Qatar bank

ANSBACHER BANK, which was at the centre of one of the largest tax evasion scandals in Irish history, has been sold to the Qatar National Bank.

Ansbacher has been on the market for some months and its parent company, the South Africa-based First Rand said that it fetched a price of £135 million (€201m).

First Rand said it decided to sell the Cayman Islands-based Ansbacher because it no longer fits in with its expansion plans, and believes it will perform better in the hands of new owners.