Saturday 10 December 2016

Fears over future of Central Bank as emergency lending takes a toll

Published 01/02/2011 | 05:00

FIRST our banks went bust, then our sovereign went bust, now some are speculating that our Central Bank could round off the grim trilogy.

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New figures out later today are likely to show that the Central Bank of Ireland (CBI) has well over €50bn of cash tied up in our battered banks through emergency lending.

The scale of the injection has sent eyebrows shooting up, since even small percentage losses on a portfolio that big could wipe out the CBI's capital and reserves of just €1.5bn.

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