FitzPatrick loans exceeded €90m

ANGLO Irish Bank is expected to tell shareholders today that loans to former chairman, Sean FitzPatrick, actually exceeded €90 million, but they are “asset backed” and not a cause of concern for the bank’s financial stability.

It was previously stated that the controversial hidden loans amounted to €87m. A spokesperson for Anglo Irish refused to comment last night, but said the matter would be addressed at today’s extraordinary general meeting.

In addition, Anglo was last night poised to name Declan Quilligan as its next chief executive, succeeding David Drumm who resigned last month.