Anglo’s attempts to gloss over problems exposed

ANGLO IRISH BANK’S attempts to gloss over its problems to the Government in the weeks leading up to the state guarantee became clear yesterday.

In documentation released to the Public Accounts Committee it emerged the bank’s officials made a presentation to the Department of Finance on September 18 in which it said it expected to be highly profitable in 2009.

It said maintaining a strong asset quality was at the core of its business plan. And it had “no requirement for external capital”.