Lenihan says banks to pursue developers' debt

Minister for Finance Brian Lenihan said it is “right” that banks pursue property developers for debts they are owed.

Minister for Finance Brian Lenihan said it is “right” that banks pursue property developers for debts they are owed.

Mr Lenihan, speaking in an interview in Dublin today, also said that work on the government’s proposed bad bank, known as the National Asset Management Agency, is advancing and a steering committee is continuing its work.

Bloomberg