Irish Life & Permanent confirms “exceptional support” to Anglo Irish Bank during September 2008; IL&P removed from S&P’s CreditWatch Negative list
Feb 11th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Life & Permanent plc confirmed on Tuesday that it provided "exceptional support" to Anglo Irish Bank during September 2008 and in particular on September 30, 2008 following the introduction of the Government Guarantee Scheme. The Irish Financial Regulator is investigating a deposit of €4 billion, made at the end of September, which was also the end of Anglo Irish Bank's financial year. Also on Tuesday, Standard & Poor’s announced that it has removed Irish Life & Permanent plc from CreditWatch Negative and affirmed its current ratings.