Sunday 22 January 2017

Anglo may be ‘floated off’ in future: Dukes

Dara Doyle

Published 12/03/2010 | 14:19

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.

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“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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