Only 1 in 20 Nama developers have paid their debts in full

17th April, 2016

Fewer than 6 per cent of property developers who ended up in Nama paid off their debts in full to the agency, The Sunday Business Post can reveal.

Some 779 borrowers had their debts transferred to the agency and by the end of last March, 442 of them had exited the agency’s clutches. But just 44 of them had paid of their debt at par, or the original value of their loans.

The total amount repaid by...

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