Nationalisation led to maximum exposure

ANGLO Irish Bank — which to date is the only Irish financial institution to be nationalised in the wake of the global credit crisis — is the most exposed of the banks to NAMA.

According to yesterday’s proposals outlined by Mr Lenihan, out of the total €77 billion worth of loans planned for NAMA, as much as €28bn are likely to come directly from Anglo Irish Bank’s balance sheet.

This compares to €24bn from AIB, €16bn from Bank of Ireland, €8bn from Irish Nationwide and €1bn from the EBS.