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
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
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
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
