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Sat 03 Mar 2010Lenders may be 'shocked' by size of Nama discounts
THE FIVE participating financial institutions are likely to be “shocked” at the size of the discount demanded by the National Asset Management Agency (Nama) for taking over the first tranche of problem loans, according to an informed source.
Nama plans to tell three of the five participating financial institutions next week how much it will pay for the loans of the top 10 developers which are to be transferred by the end of this month, The Irish Timeshas learned.
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