Concerns raised over NAMA’s ability to manage loan book

DOUBTS have been raised about NAMA’s ability to manage its portfolio of loans and its interaction with banks.

This follows the revelation that NAMA believes more loans than previously thought are non-performing.

Professor of Economics at University College Dublin, Karl Whelan, said that it “disturbing” that every time the Government and NAMA have informed the public about the quality of the loan portfolio they are acquiring they have been optimistic.