Nama eyes end of loan provision

Nama expects that it may no longer need to make impairment provisions because property prices have recovered rapidly.

Chief executive Brendan McDonagh said yesterday that the agency “is reasonably confident” that the era of making provisions against its portfolio of loans is drawing to a close.

“I would think we would be reasonably confident that we have reached the end of the road in terms of impairments and that there are also room for write backs as the situation improves,” he told a media briefing.