Tuesday 25 July 2017

We do not have to be big losers

Blessed Alan Dukes of Anglo Irish Bank has clarified the losses at the bank with some certainty.

Anglo lent €72bn, and somewhere between 10pc and 15pc are paying back what they owe. This suggests that Anglo lost €64bn.

NAMA will bail it out and hopes to recover €24bn, leaving a loss of €37bn.

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