Anglo loans: directors will be pursued
Monday, 23 November 2009
Anglo Irish Bank has carried out a full examination of loans to executives and former directors at the bank. Minister for Finance Brian Lenihan said those who were not re-paying loans would be pursued through the courts.
Watch his comments here
Mike Aynsley, the bank's new chief executive, has carried out an analysis of the executives and former directors who are in default. Minister Lenihan said some were not re-paying loans and would be sued.
It is understood that a substantial part of the bank's management team is in place on an interim basis. The bank will now fill the positions with permanent appointments - and some will be external.
It is understood that individuals who have impaired loans and are not co-operating with the bank will be unable to apply for any of the roles. The positions to be filled will be chief financial officer, head of treasury, head of lending, head of human resources, head of strategy and head of operations.
- RTÉ.ie Extra Video 2: Brian Lenihan says Anglo directors who are not repaying loans will be pursued in the courts
