Published Friday, 29 May 2009
Finance Minister Brian Lenihan, who nationalised the troubled lender in January after a string of scandals, said the results were extremely disappointing but its problems are being addressed.
Executive chairman Donal O'Connor blamed lending blunders for the losses and said the past six months had been very difficult for the bank.
Top executives resigned after a multibillion-euro loans fiasco was revealed in December.
Garda fraud officers later raided the head offices and the lender is now being investigated by white-collar crime watchdogs.
'Imprudent risk'
Mr O'Connor said: "Clearly the bank made mistakes in some of the lending decisions taken in recent years, particularly in relation to property development in Ireland.
"Our rate of growth and risk appetite at the top of the economic cycle was imprudent and the stark evidence of this is seen in the figures announced today."
Mr Lenihan said the Irish government had decided, subject to EU approval, to provide up to €4bn of capital to Anglo.
He said the main priority of the government was to protect the €64bn of customer and interbank deposits in Anglo and "to prevent the bank becoming a systemic threat to the financial system".
A spokesman added: "The minister recognises that the results are extremely disappointing and reflect a marked deterioration in asset quality at the bank since it was nationalised.
"However, the minister is satisfied that the full and frank disclosure of the problems faced by the bank is an important step in allowing the difficulties to be addressed in an orderly fashion."