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Anglo Irish Bank has reported a loss of €12.7bn for the 15 months to the end of December last year, as it set aside just over €15bn to cover loan losses.

Full Annual Report & Accounts

€10bn of the loan loss figure was linked to assets expected to be transferred to the National Asset Management Agency.

Excluding money set aside for bad loans, the bank made an operating profit of €2.4bn, though this included a gain of €1.8bn from a restructuring of its debt.

The bank confirmed the Minister for Finance,  had put a further €8.3bn into the bank, as he announced in the Dáil yesterday.

Anglo Irish also said restructuring of its activities and the NAMA process cost it €42m in the 15-month period.

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