Sunday February 23, 2020

NAMA says IBRC loan portfolio is major challenge

The National Asset Management Agency has said its prospective takeover of the loan portfolio of IBRC would be a major challenge.

21st February, 2013
Potentially, depending on the scale of loan transfers, the size of our balance sheet could increase by close to 50 per cent

The National Asset Management Agency has said its prospective takeover of the loan portfolio of IBRC would be a major challenge.

The legislation to liquidate the IBRC directs the Agency to acquire the unsold residual element of the IBRC loan portfolio later this year.

“This new portfolio will significantly increase NAMA’s workload”, said NAMA chairman Frank Daly. “Potentially, depending on the scale of loan transfers, the size of our balance sheet could increase by close...

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