Friday 20 October 2017

Anglo may be ‘floated off’ in future: Dukes

Dara Doyle

Anglo Irish Banks, the lender nationalised by the Government last year, could be "floated off" at some point in the future, Chairman Designate Alan Dukes said.

“Our objective in restructuring is to create a bank that can be a viable entity,” Dukes said on RTE radio today.

Winding down the bank now would means losses of about €20bn, he said.

The figure will probably be “much less” if the bank is recapitalised by the Government and continues to operate.

Bloomberg

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