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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