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Fri 03 Mar 2010What next: Life after Nama
The National Asset Management Agency (Nama) has focused most attention on the heavy losses incurred by the five participating banks through the knock-down price paid for the loans but little on the quality of the loans left behind.
Allied Irish Banks (AIB) said at its annual results this week that after the transfer of €23 billion in loans to Nama, it would have a loan book of €107 billion against which it had set aside about €3 billion for bad debts, or 2.8 per cent of the post-Nama loan book.
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