Anglo investments lost €140m in 2010

ANGLO IRISH BANK didn’t just make a mess of lending to developers, it made a mess of its own property investments too.

Fri, 01 Apr, 2011 - 01:00
Neil Callanan

The bank’s annual report shows it lost €140 million last year on property investments it bought to syndicate to private investors, but failed to do so leaving the taxpayer on the hook.

The properties fell €131m in value last year, and an additional €9m was lost on interest rate swaps related to the properties.

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