Chairman: BOI expects 30% discount on NAMA loans

Bank of Ireland Chairman Pat Molloy has told a shareholders' EGM that the bank expects a discount of around 30% on the loans it will transfer to NAMA.

Chairman: BOI expects 30% discount on NAMA loans
Tue, 12 Jan, 2010 - 13:02

Bank of Ireland Chairman Pat Molloy has told a shareholders' EGM that the bank expects a discount of around 30% on the loans it will transfer to NAMA.

Some €16bn of risky loans will be transferred off the bank's balance sheet if it approves entry into the National Asset Management Agency.

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