Bigger discount on BoI Nama loans expected

Bank of Ireland has increased the discount expected to be applied to loans it transfers to the National Asset Management Agency (Nama) after discussions with the Department of Finance.

5th December, 2009

Bank of Ireland has increased the discount expected to be applied to loans it transfers to the National Asset Management Agency (Nama) after discussions with the Department of Finance.

The bank’s shares fell by 5 per cent on Monday, after it issued an update to the stock exchange with details of its participation in Nama. The update signalled that the bank expected the discount on its Nama loans to be closer to 30 per cent...

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