Anglo Irish Bank posts record loss of 17.7 bn euros for 2010

31st March 2011, Comments 0 comments

Bailed-out Anglo Irish Bank on Thursday posted a record annual loss of 17.7 billion euros ($25 billion) for 2010, ahead of banking-sector stress test results due for publication later in the day.

The loss, slightly higher than the 17.6 billion euros forecast last month, followed "another exceptionally difficult twelve-month period for both the bank and the Irish economy", Anglo said in a results statement.

Later on Thursday, the Irish Central Bank will publish the results of new stress tests on four lenders -- Allied Irish Banks, Bank of Ireland, the Educational Building Society and Irish Life & Permanent.

© 2011 AFP

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