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Anglo Irish Bank with 8.2 billion USD loses

The nationalized Irish Bank - Anglo Irish Bank announced a loss of 8.21 billion for the first half of 2010. Most of the negative result is due to bad loans which the financial institution is transferred to the state. In the first six months of last year Anglo Irish Bank suffered a loss of 3.8 billion. Allocated allowances in the first half were worth 4.85 billion euros, according to figures. With them the bank announced that it would require the raising of new capital and plans to part with 80 percent of their business. The aim of this course is to create a viable bank loan portfolio quality. During the first six months of the financial institution has received 8.6 billion of new aid from the Government of Ireland towards the end of June. The money is part of the European Commission approved a package of aid worth 10 billion. The bank realized bad financial quarter because of the bad loans and bad credits, which was the main reason for the bankruptcy of it. The bank tried to introduce marketing strategy with low online mortgages UK , but unfortunately in the conservative world of Great Britain it was hard job.