NAMA To Take Balance Of Banks’ Risky Loans

30 Nov 2010

Ireland’s National Asset Management Agency has agreed to take the balance of “vulnerable land development” loans from the Bank of Ireland and Allied Irish Banks.

Ireland’s National Asset Management Agency has agreed to take the balance of “vulnerable land development” loans from the Bank of Ireland and Allied Irish Banks. NAMA has reversed its policy of not transferring property loans worth €20 million ($26.29 million) or less, and will add €7 billion ($9.2 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial