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Wed 04 Apr 2009Assets plan to cover all land-related loans
The €80-€90 billion in property and land-related loans to be transferred from banks to the new National Asset Management Agency (Nama) represents all such loans on their books and not just impaired loans, Minister for Finance Brian Lenihan said.
Mr Lenihan refused to speculate on the proportion of the loans that are non-performing or impaired, or on what the Government is likely to pay for them.
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