Nama recoups €425m from Anglo

Nama has recouped an initial €425m from its exposure to the liquidation of former Anglo Irish Bank.

Nama recoups €425m from Anglo
Tue, 19 Nov, 2013 - 00:00
Joe Brennan

The Government ordered Nama to pay the Central Bank €12.9bn to buy out part of the regulator’s emergency loans to Anglo Irish as the lender’s wind-up started in February.

The liquidators have repaid €425m to Nama to date, according to a presentation, dated Nov 14, on the Department of Finance’s website.

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CourtsPlace: UKPerson: David ClerkinPerson: Kieran WallaceOrganisation: NAMAOrganisation: Anglo NamaOrganisation: Anglo Irish BankOrganisation: Central BankOrganisation: Anglo IrishOrganisation: Department of FinanceOrganisation: KPMGOrganisation: AngloOrganisation: Irish NationwideOrganisation: Irish Bank Resolution Corp.
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