Irish lenders, Anglo Irish Bank and Irish Nationwide Building Society, have transferred deposits totaling €12.2 billion, The Wall Street Journal reports. Anglo Irish transferred €8.6 billion to Allied Irish Banks (AIB), while Irish Nationwide transferred €3.6 billion of deposits to Irish Life & Permanent.
AIB, which paid around €3.5 billion for the deposits, will also receive senior National Asset Management Agency bonds with a value of €12.2 billion. Anglo Irish and Irish Nationwide are due to be merged as part of a winding up process, adds Bloomberg.
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