Banks agree to lend Carroll companies more money

A number of banks who are owed millions of euro by companies controlled by developer Liam Carroll have said they are willing to lend the companies more money if a scheme of arrangement is put in place.

Anglo Irish Bank, in a letter, said it had no objection to an examiner being appointed in a bid to save the Zoe Group and is willing to finance the companies further to the tune of more than €60m.