Despite the leasing arm of Anglo Irish Bank
escaping the large losses suffered by its parent, it still saw a
marked reduction in the size of its portfolio last year.
Its lease receivables totalled £131 million
for the 15 months to December 31, compared with £189 million during
the equivalent period the year before, according to figures
published today.
Go deeper with GlobalData
Impairments, however, were meagre, just £4
million, £1 million up YoY.
Its parent, which was nationalised in January
2009 following a spate of government scandals, announced record
losses of £11.3 billion.
It also took a £15 billion charge for losses
on loans to property developers that it does not expect to
recover.
Brendan Malkin
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
