Financial chiefs to report to Oireachtas today

The heads of the National Assets Management Agency (Nama) and the National Treasury Management Agency (NTMA) are to appear before an Oireachtas Committee today.

Nama was set up by the Government to try and find a solution to the banking crisis.

It will acquire more than 1,200 property loans with a nominal value of €16bn for €8.5bn.

The agency expects to complete the transfer of all remaining loans with the five institutions by the end of the year.

Today's meeting of the Oireachtas Joint Committee on Finance and Public Service will discuss the priorities for Nama and any issues in relation to the transfer of loans to the agency.