Almost 90% of INBS holiday home loans going to Nama

Almost 90 per cent of the €30 million lent by Irish Nationwide to fund the purchase of holiday homes is to be transferred to the National Asset Management Agency (Nama), as the homes in question are owned by major property developers.

24th April, 2010

Almost 90 per cent of the €30 million lent by Irish Nationwide to fund the purchase of holiday homes is to be transferred to the National Asset Management Agency (Nama), as the homes in question are owned by major property developers.

The building society, which announced losses of €2.5 billion for the year to December last week, will transfer almost all of its holiday home loans to the state’s bad bank as the properties form part...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago