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Ernst & Young statement on Anglo Irish Bank - Ernst & Young - Ireland

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Ernst & Young statement on Anglo Irish Bank

Dublin 16 January 2009
Ernst & Young confirms that all of the audits conducted for Anglo Irish Bank shareholders were undertaken in accordance with the appropriate auditing standards. Ernst & Young is confident of all audit opinions expressed to Anglo Irish Bank shareholders in the bank’s financial statements and that the accounts show a true and fair view of the state of affairs and results of the bank in accordance with the information and explanations received.

As part of the normal audit process Ernst & Young received certificates from directors setting out their loan balances with the bank at the end of the financial year. Until late 2008 Ernst & Young was unaware of the refinancing transactions undertaken by the former Chairman of the bank which concealed the extent of his loans with the bank during previous years.

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