Bank’s €8.3bn losses record for Irish company

ANGLO Irish Bank has reported major losses for the first six months after setting aside €8.3 billion to deal with loan losses.

Bank’s €8.3bn losses record for Irish company
Wed, 01 Sep, 2010 - 01:00
Brian O'Mahony, Chief Business Correspondent

The before-tax losses of €8.2bn were much higher than previous estimates of between €4bn to €5bn for the six months to June 20.

For the same period last year the bank’s losses were significantly lower at just over €4.1bn.

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