By Simon Kennedy
LONDON (MarketWatch) -- Nationalized lender Anglo Irish Bank Corp. said Tuesday that it received a further 8.58 billion euros ($10.84 billion) of capital support from the Irish government at the end of June as it also revealed an 8.21 billion euro net loss for the first half of the year, driven by loan impairment charges and a loss due to the sale of risky assets to the country's "bad bank." For the six months ended March 31, 2009, the bank reported a restated net loss of 3.79 billion euros. The bank said provisions for impairments in the period were 4.85 billion euros. The European Commission has already approved a further capital injection of up to 10 billion euros. The bank said Tuesday that more capital will be needed and that it plans to wind down at least 80% of its business, creating a new viable bank from the remaining good quality loans.
