No further State funding needed, says Anglo boss

Anglo Irish Bank chief executive Mike Aynsley said today that he does not expect that the institution will need any more financial support from the State.

A total of €34bn has been earmarked for the nationalised lender.

Stabilising markets, and provisions made at Anglo mean the €29bn that has already been injected should be enough, claimed Aynsley.

The bank announced record losses today of €17.7bn for 2010, the highest in Irish corporate history.

Aynsley said that the bank has been working to clear up its loan book and should be on the right track.

"We're confident that we've surfaced all the problems," said Aynsley.

"So now it's really what happens in the world outside of Anglo and our focus turns to just recovering as much for the taxpayer as we can as we work this portfolio down over future years."