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Thu 11 Nov 2009Nama will not leave country awash with cash, says AIB
THE CHIEF executive of Allied Irish Banks (AIB), Eugene Sheehy, has said that the country “won’t be awash” with credit immediately after the Government acquires loans through the National Asset Management Agency (Nama).
The quality of the banks’ balance sheets would improve once they receive €54 billion in Government bonds from Nama, said Mr Sheehy, but it would not lead to an immediate flow of credit.
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