Anglo’s Nama loan transfer to reach €32bn

Anglo Irish Bank will transfer around €32 billion of loans to the National Asset Management Agency (Nama) in the coming months, €4 billion more than was originally envisaged.

20th February, 2010

Anglo Irish Bank will transfer around €32 billion of loans to the National Asset Management Agency (Nama) in the coming months, €4 billion more than was originally envisaged.

It is understood that the interconnected nature of many of the loans and properties that have been put up as collateral on loans, meaning the agency will drag in more assets from the nationalised bank than was originally planned.

Banking sources expect a similar pattern across other...

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