47% 'haircut' on first batch of loans transferred to NAMA

The National Asset Management Agency (NAMA) will acquire over 1,200 individual loans with a nominal value of €16bn for a consideration of €8.5bn, it was announced this afternoon

Tue, 30 Mar, 2010 - 17:24

The National Asset Management Agency (NAMA) will acquire over 1,200 individual loans with a nominal value of €16bn for a consideration of €8.5bn, it was announced this afternoon

The average 'haircut' - the discount applied by NAMA when buying loans from the banks- on the loans to be transferred is 47%.

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Courts Nama Person: Chief Executive Person: Brendan McDonagh Person: McDonagh Organisation: NAMA Organisation: National Asset Management Agency Organisation: Irish Nationwide Building Society Organisation: EBS Building Society Organisation: Bank of Ireland Organisation: Allied Irish Banks plc Organisation: Anglo Irish Bank Organisation: EU Commission

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