Anglo Irish Needs EU25 Billion, Disputes S&P Figure

Anglo Irish Bank Corp. Chief Executive Officer Mike Aynsley said the lender may need no more than about 25 billion euros ($32 billion) in capital, disputing a Standard & Poor’s estimate which helped trigger a downgrade of Ireland’s credit rating.

Anglo Irish, based in Dublin, posted a loss of 8.2 billion euros in the six months through June, after it sold loans at a discount to the government’s so-called bad bank, the National Asset Management Agency.