DUBLIN Feb 8 Ireland's debt management agency
said on Tuesday it will commence an auction process for the sale
of the deposits and assets of Anglo Irish Bank [ANGIB.UL] and
Irish Nationwide [IRNBS.UL].
Ireland submitted restructuring plans for the two state-run
lenders to the European Commission last week, meeting its first
major banking deadline under an IMF/EU bailout and received
clearance from the Irish High Court on Tuesday to push through
"The NTMA (National Treasury Management Agency) will
immediately commence an auction process to invite interested,
fully-licensed financial institutions to tender for Anglo and
INBS deposits," the debt management agency said.
"It is intended that this process will conclude as quickly
(Reporting by Padraic Halpin; Editing by Ron Askew)