Anglo Irish Bank, St. Stephen's Green, Dublin
Anglo Irish Bank St Stephen's Green Dublin, Ireland.
Anglo Irish Bank's sizable property lending to builders and property developers caused it to be seriously affeced by the downturn in the Irish property market in 2008.
The Irish government announced it was injecting to inject EUR1.5bn of capital for a 75% stake in the bank in December 2008, effectively nationalising it. by 15 January 2009, the government said that recapitalization of the bank was no longer a viable option and and instead fully nationalised it.
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- 2009 Dave Walsh
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Anglo Irish Bank irish bank bank bank of ireland irish banking banking crisis financial crisis global downturn bailout bail-out dublin government credit crunch collapse finance financial banking collapse irish financial institution irish financial institutions government assistance recapitalisation global financial crisis investment money capital major irish bank shares preference shares shareholder shareholders commercial lending underwritten guarantee national nationalised nationalized euro euro zone credit loan lend headquarters office sign logo loans directors scandal loans to directors property lending business commercial lending europe european
- Contained in galleries
- Irish Banks and banking crisis
