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29/05/2009
AIB To Get Another Billion Euro Handout
The troubled AIB bank is to receive another handout as its profits and share price continues on a downward spiral.
The Government is to seek EU approval to provide a €4 billion injection to buoy the Bank after it reported a loss of €4.1 billion, warning its losses could even reach €7.5 billion over the next three years.
Anglo's Chairman Donal O'Connor admitted today that the banks lending had been imprudent and the results very disappointing.
Mr O'Connor added that the loss followed significant impairment charges in the bank’s loan portfolio and that the funding position of the bank had weakened since last September.
Suggestions of winding down the bank altogether had been examined he said, but this would have been "very costly for the Irish taxpayer".
Anglo today reported a €4.1 billion pretax loss for the six month period to March 31st, mainly as a result of loan losses of €3.7 billion. The €4.1 billion loss is equivalent to 5.6 per cent of its loan book.
A recent review found that losses were likely to reach €7.5 billion by the end of September 2011. The bank said that under certain stress scenarios this could rise by a further €1.5 to €3.5 billion.
(DW/BMcC)
The Government is to seek EU approval to provide a €4 billion injection to buoy the Bank after it reported a loss of €4.1 billion, warning its losses could even reach €7.5 billion over the next three years.
Anglo's Chairman Donal O'Connor admitted today that the banks lending had been imprudent and the results very disappointing.
Mr O'Connor added that the loss followed significant impairment charges in the bank’s loan portfolio and that the funding position of the bank had weakened since last September.
Suggestions of winding down the bank altogether had been examined he said, but this would have been "very costly for the Irish taxpayer".
Anglo today reported a €4.1 billion pretax loss for the six month period to March 31st, mainly as a result of loan losses of €3.7 billion. The €4.1 billion loss is equivalent to 5.6 per cent of its loan book.
A recent review found that losses were likely to reach €7.5 billion by the end of September 2011. The bank said that under certain stress scenarios this could rise by a further €1.5 to €3.5 billion.
(DW/BMcC)
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15 April 2011
€590m Loss For EBS
A pre-tax loss of €590m has been reported by EBS Building Society in 2010. The amount is seven times larger than the shortfall in 2009. At a discount of 60.4%, the Building Society said it had transferred €836m worth of loans to NAMA. They are expected to transfer an additional €65m this year.
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41-Year-Old Pepper Sprayed For Resisting Arrest
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04 June 2013
41-Year-Old Man Denies Co Clare Murder
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41-Year-Old Man Denies Co Clare Murder
The trial of a 41-year-man, charged with the murder of a Co Clare woman two years ago, goes on trial tomorrow following the swearing of the jury today (Tuesday). Colm Deely of School Road in Ballyvaughan denies murdering Deirdre McCarthy (43) between 11pm on March 27, 2011 and noon the following day, March 28.
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Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
