Anglo Irish Bank reports 37% drop in profit after €500 million bad debts charge
Dec 3rd, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Anglo Irish Bank, which focuses on property-secured lending, today issued its preliminary statement for the year to 30 September 2008 and reported net income before tax of €784m down 37% from 2007. The bank took a €500 million charge for expected bad debts and will not pay a dividend.