NAMA discount will be below 25% - survey


The proposed transfer of impaired assets from banks to the National Asset Management Agency will probably be at a discount of less than 25 per cent, according to a survey by Bloxham Stockbrokers.

Some 73 per cent of clients surveyed by Dublin-based Bloxham said the discount will be below 25 per cent. One third expects it to be less than 20 per cent.

The majority of respondents also think AIB and Bank of Ireland will have to raise equity in the next 12 months and would support such a move, according to the survey, published today.