Business groups welcome banking plans

Business groups today welcomed the measures outlined by Finance Minister Brian Lenihan to bolster the banking sector as well as details of the first tranche of loads to be transferred to the National Asset Management Agency (NAMA).

Business groups welcome banking plans
Tue, 30 Mar, 2010 - 19:11

Business groups today welcomed the measures outlined by Finance Minister Brian Lenihan to bolster the banking sector as well as details of the first tranche of loads to be transferred to the National Asset Management Agency (NAMA).

NAMA announced today that it has taken over 1,200 loans for €8.5bn at a 'haircut' of 47% on their €16bn book value.

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CourtsBusinessBanksPlace: IrelandPerson: Finance MinisterPerson: Brian LenihanPerson: Director GeneralPerson: Danny McCoyPerson: MinisterPerson: Chief ExecutivePerson: Mark FieldingPerson: DirectorPerson: Firms AssociationPerson: Patricia CallanPerson: CallanOrganisation: National Asset Management AgencyOrganisation: NAMAOrganisation: IbecOrganisation: ISMEOrganisation: Bank of IrelandOrganisation: AIBOrganisation: Small
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