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Anglo Irish Bank to receive additional 2 billion in state aid

Alston & Bird LLP
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Ireland
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June 1 2010

Yesterday, Minister for Finance of Ireland Brian Lenihan announced that on Friday, May 28, Anglo Irish Bank Corporation Limited received an additional 2 billion ($2.45 billion) in state aid "to support the capital position of the bank" following "additional losses resulting from the level of the discount on the first tranche of Anglo’s loans transferred to NAMA and further impairments on the remaining loan book."

Bank of Ireland announces 3.4 billion capital raise

Alston & Bird LLP
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Ireland
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April 27 2010

Yesterday, the Governor and Bank of Ireland announced a 3.421 billion tier 1 capital raise

Ireland's National Asset Management Agency provides update on acquisition of loans from five Irish banks

Alston & Bird LLP
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Ireland
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April 14 2010

Yesterday, during a speech to the Irish Parliament's Joint Committee on Finance and the Public Service, National Asset Management Agency (NAMA) Chief Executive Brendan McDonagh provided an update on NAMA's ongoing initial acquisition of over 1,200 individual land and development borrower loans (Tranche 1) from several large Irish banks, and an indication of NAMA's expected operations during the rest of 2010

Ireland's National Asset Management Agency acquires first tranche of loans from Irish banks; Minister of Finance introduces broad initiatives to stabilize banking system

Alston & Bird LLP
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Ireland
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March 30 2010

Today, the National Asset Management Agency (NAMA), the Irish government's "bad bank" asset acquisition programme, announced that it will acquire an initial tranche of over 1,200 individual loans to the 10 largest land and development borrowers of Allied Irish Banks Plc (AIB), Anglo Irish Bank, Bank of Ireland, Irish Nationwide Building Society, and EBS Building Society, for consideration of 8.5 billion

Allied Irish Banks and Bank of Ireland announce participation in Irish government bank asset acquisition program

Alston & Bird LLP
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Ireland
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November 30 2009

Today, Allied Irish Banks, p.l.c. (AIB) and the Bank of Ireland (BoI) each announced their intention to participate, subject to stockholder approval, in the Irish government's National Asset Management Agency (NAMA) bank asset acquisition programme (NAMA Programme) announced this past April and passed by the Irish parliament just over two weeks ago

European Commission approves Anglo Irish Bank 4 billion recapitalization plan

Alston & Bird LLP
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European Union, Ireland
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June 26 2009

Today, the European Commission (EC) approved the Irish government's 4 billion emergency recapitalization of Anglo Irish Bank

Anglo Irish Bank to receive 4 billion in capital from Irish government

Alston & Bird LLP
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Ireland
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June 1 2009

Following last Friday's publication of Anglo Irish Bank’s (AIB) financial results for the six months ended March 31, 2009, the Irish Minister of Finance announced that, subject to EU approval, the Irish government will provide up to 4 billion of capital to AIB