80% say NAMA ‘good for economy’

UP TO 80% or respondents in a survey believe NAMA will be good for the economy and banks.

Carried out by Bloxham Stockbrokers the survey found growing support for NAMA, with the majority of respondents saying the decision to set up the bad bank has reflected well on the economy.

They added that as it evolves NAMA, which will absorb €77 billion of bad and doubtful property and development loans, will continue to improve sentiment towards the Irish economy.