Impact on borrowers
The following FAQs are based on the Irish Government's document 'Anglo Irish Bank Corporation plc - Nationalisation FAQs' published 03/02/09. This section refers to item 18.
I have borrowed money from Anglo. How will the nationalisation affect me?
The terms and conditions of your loan are not affected by the nationalisation. You will continue to owe an obligation to repay your loan to Anglo and should continue to make interest payments and repay the principal amount borrowed when due.
Will this affect how I operate my account?
No, you can continue transacting with Anglo as normal and there is no need for customers to take any steps as a result of this announcement.
To view the full pdf 'Anglo Irish Bank Corporation plc - Nationalisation FAQs' on the Department of Finance website, please click here.