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Tue 07 Jul 2009Banks must provide detailed reports on developers to Nama
BANKS AND building societies participating in the State’s “bad bank” plan must fill in about 370 categories of information on each developer on their loan books as part of a submission to the National Asset Management Agency (Nama).
The financial institutions have been asked to provide comprehensive information for the largest developers on their loan books to assist officials setting up Nama to determine the discount to be applied to loans being purchased.
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