Anglo Irish Bank had loans to 15 customers in excess of €500 million each in September 2008; Customers withdrew €5.44 billion in last week of month
Feb 21st, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Anglo Irish Bank: The report of extracts from reports produced by accountants PricewaterhouseCoopers (PWC), following the issue of the State guarantee to six Irish financial institutions on September 30, 2008, shows that Anglo Irish Bank had loans outstanding to about 15 customers in excess of €500 million each. PWC also says that in the last full week of September, customers withdrew €5.44 billion from the bank and the bank’s management was expecting a further €6.6 billion to be withdrawn by mid-October.