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I read that as the difference between interest received on assets and the interest paid on liabilities is €352M. Is that right ?Net interest income was €352m for the 6 months to 30 June 2010, down 59% compared to the six months ended 31 March 2009. The cost of funding, both for customer deposits and wholesale funding, increased materially during the period.
Pretty much confirming that €25bn isn't going to be enoughIn approving the €8.58bn capital contribution of 30 June 2010, the European Commission also allowed for €1.47bn of additional capital support. The Bank expects that this additional capital will be required in the near term and that further capital support may also be required, the level of which will primarily depend on the discounts applied by NAMA on the full transfer of eligible assets.
Their balance sheet was 91 Billion in September 2007.Pretty much confirming that 25bn isn't going to be enough
Excellent results. What an exemplary business model Anglo is for one to use as a template.
2007 AR said:Corporate Responsibility
We consistently pursue the highest standards of
conduct in managing the business in the interests of
all stakeholders as we believe that this is critical to
our continuing success. Details of our activities and
achievements in this regard are featured later in the
27 November 2007