Anglo Irish Bank bailout could cost 25 billion euros
The estimate of 25 billion euros for the final bill of Anglo Irish Bank bailout is essentially correct, Reuters said Tuesday its chief executive.
Anglo Irish was the third listed bank in the country before the financial crisis. The state was saved from bankruptcy last year, which led him to view the last year the largest deficit of the European Union. Since then, the bill continues to rise.
The solution that favors the government in Dublin is to separate the "good" "bad" assets of the group.These activities allow the healthiest to recover while relegating some of the risky assets (which accounted for half of its balance sheet approximately), in an ad hoc and the other party in the "bad bank" created by the state, the NAMA (National Asset Management Agency).
Transfers to the NAMA could be done with a discount of over 50%, acknowledged Tuesday the Director-General Mike Aynsley.
"We think it is probably fair to return to a level of 60-65% haircut on the assets of the NAMA given the level of provisions," he said.
Anglo Irish on Tuesday reported a loss of 8.2 billion euros in the first half, which includes 4.8 billion of impairment charges and a loss of 3.5 billion related to the transfer of 10.1 billion in assets the NAMA negotiations.