banks


NAMA Business Plan

The Business Plan in relation to the operation of NAMA has recently been published by the Government. It is anticipated that €77bn of loans will be transferred from the banks to NAMA. This includes €9bn of rolled-up interest on non-performing loans. The underlying assets were valued at €88bn when the loans were granted. NAMA is paying €54bn for loans on these properties. The properties are currently estimated to be worth […]