NAMA to acquire another €2bn in loans over coming weeks

NAMA is to acquire loans with a nominal value of €2 billion over the coming weeks.

It will bring the total value of loans bought from the country’s banks to €74bn.

Created to purge Irish banks of their risky land and development loans, so far NAMA has paid just shy of €31bn on loans valued at over €72bn at the height of Ireland’s property bubble.