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.
- 2009 Dave Walsh
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- Irish Banks and banking crisis