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Tue 12 Dec 2009BoI and AIB face €12bn losses on property loans
BANK OF Ireland and AIB face losses totalling up to €12 billion on the property loans that they will be handing over to the State rescue agency Nama, according to statements issued by both yesterday.
The Republic’s two biggest banks also warned their shareholders that if they do not vote in favour of taking part in the scheme both will ultimately face the prospect of nationalisation.
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