Sign up to The Irish Times Archive (1859 - 2008)My Account »
Wed 05 May 2009Nama may apply 10% discount on agreed loan prices
PROPERTY VALUATION:THE NATIONAL Asset Management Agency (Nama) is examining whether it will apply a 10 per cent discount under the agreed price of loans it acquires to incentivise participating institutions to deliver a return on assets transferred into the new body.
Brendan McDonagh, Nama’s interim managing director, said the 10 per cent discount would be returned to lenders if they secured a certain level of repayment on the loans in question.
Choose a Subscription type - required
