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Tue 11 Nov 2009Some Ulster Bank assets may be eligible for Nama - RBS chief
THE CHIEF executive of Royal Bank of Scotland (RBS), owner of Ulster Bank, has said the Irish bank may hold some assets that are eligible for the National Asset Management Agency (Nama).
However, Stephen Hester said the “substantial assets” held by Ulster Bank would be processed through the UK government’s asset protection scheme (APS), the British alternative to Nama.
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