Anglo may see faster wind-down

ANGLO Irish Bank chairman, Alan Dukes has said that the complete wind down of the bank and its sister operation, the Irish Nationwide Building Society (INBS), could be completed quicker than the ten-year timeframe set by the Government.

Mr Dukes — addressing yesterday’s sitting of the Joint Oireachtas Committee on Finance, Public Expenditure and Reform — said that progress is being made on the sale of Anglo’s US loan book and other assets.

“We’d hope to see very substantial progress on the disposal of our UK loan book within the next five years. Similarly, we’d like to see progress on the sale of the INBS mortgage book over the same timeframe; but we can’t give guarantees,” Mr Dukes said.