Another director of Anglo Irish Bank has quit, following the resignation of the bank's chief executive David Drumm and chairman Sean FitzPatrick last month in a controversy over directors' loans.

A statement from the bank said Willie McAteer had resigned as finance director and chief risk officer.

The bank has also announced initial steps it says are aimed at 'rebuilding trust and confidence' in the bank. Anglo says it will strengthen its board by appointing a number of new non-executive directors 'in the near future'.

The bank also said it expected to appoint a new chief executive, to replace David Drumm, before an extraordinary general meeting of shareholders on January 16. The EGM will discuss the Government's planned investment in the bank.

Anglo's board has also decided to split Mr McAteer's previous roles of finance director and chief risk officer. Current chief financial officer Matt Moran has been appointed finance director designate, while Anglo plans to appoint a new chief risk officer from outside the bank.

Mr FitzPatrick resigned in a controversy over inappropriate loans to directors. His resignation related to loans totalling €87m which he had from the bank. Non-executive director Lar Bradshaw also resigned in the fall-out from the controversy.

Anglo Irish Bank shares closed up five cent at 26 cent in Dublin.