FitzPatrick had bulk of bank chiefs’ loans

OF THE €179 million in loans outstanding to directors at Anglo Irish Bank at September 30, 2008, almost half was made up of borrowings by Sean FitzPatrick, the bank’s disgraced former chairman.

The notes with the accounts for the bank’s financial year-end show Mr FitzPatrick had a total of €83.3m in loans outstanding at the end of the bank’s last financial year compared with €6.8m at the end of September 2007.

The 2007 figure reflects the fact that Mr FitzPatrick had been hiding loans he had from the bank for a period of seven years.