€10bn transfer over to NAMA

NAMA has completed the transfer of the first €10bn tranche of loans from Anglo Irish Bank at a substantial discount of 55%.

€10bn transfer over to NAMA
Tue, 11 May, 2010 - 01:00
Business Reporter

Anglo is set to transfer €36bn of property loans to NAMA from a total of €81bn targeted for transfer to the agency.

Loans with an aggregate nominal value of €15.3bn have now been transferred across from five institutions – AIB, Bank of Ireland, Anglo Irish Bank, Irish Nationwide and EBS.

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