Anglo Irish Bank has recorded a loss of €8.2 billion for the first 6 months of the year.
The losses at the State-owned bank doubled compared to the same period in 2009 as it took heavy write-downs on the value of loans transferred to the National Asset Management Agency (NAMA).
Anglo has beaten its own unwanted record for losses in a 6 month period for an Irish company.
The €8.2 billion hit the nationalised lender took over the first half of the year was brought about as the bank transferred just over €10 billion worth of loans to NAMA.
As a result Anglo required another €8.6 billion cash injection from the public purse.
That brings the total amount of state funding committed to the debt-ridden institution to just under €23 billion.
Analysts both at home and abroad are now predicting the final bill could be north of €30 billion with no immediate end in sight to the incredible loan losses at Anglo.
