I won’t give banks my £40m, says developer

Property developer Patrick McKillen has told a High Court judge in London about the hundreds of millions he had borrowed from banks.

The businessman estimated that he owed the state-owned Irish Bank Resolution Corporation, created from the remains of Anglo Irish Bank, €300m.

He said he owed the Bank of Scotland €55m — and said he owed over £10m to at least one other bank. However, he told Mr Justice David Richards he owned assets around the world, did not miss interest payments and said banks were “very supportive”.