Tuesday January 21, 2020

Banks need reform, but first we need an inquiry

Recent activity in the courts has focused attention on the extent of bank losses on loans given to developers, and on the ‘haircut’ Nama will apply when it issues government bonds to the banks in return for their property loans.

15th August, 2009

Recent activity in the courts has focused attention on the extent of bank losses on loans given to developers, and on the ‘haircut’ Nama will apply when it issues government bonds to the banks in return for their property loans.

In addition to losses on these loans, Irish banks have also financed property investors as distinct from developers - that is, investors in finished industrial, commercial and retail properties already let to tenants.

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