Anglo Irish Bank posts record loss of 17.7 bn euros for 2010

LONDON: Bailed out Anglo Irish Bank on Thursday posted a record annual loss of 17.7 billion euros ($25 billion) for 2010, ahead of banking sector stress test results due for publication later in the day.

The loss, slightly higher than the 17.6 billion euros forecast last month, followed "another exceptionally difficult twelve-month period for both the bank and the Irish economy", Anglo said in a results statement.

Later on Thursday, the Irish Central Bank will publish the results of new stress tests on four lenders Allied Irish Banks, Bank of Ireland, the Educational Building Society and Irish Life & Permanent.