Monday September 28, 2020

Nama tightens controls on loans to smaller developers

The National Asset Management Agency (Nama) is to monitor more actively hundreds of smaller developer loans still under the management of individual banks.

4th March, 2012
2
Michael Geoghegan, former chief executive, HSBC.

The National Asset Management Agency (Nama) is to monitor more actively hundreds of smaller developer loans still under the management of individual banks, after a review showed that the agency could fail to meet its bond repayment schedule if it did not take such loans in-house.

It appears that Nama will not take the loans in-house, but that teams from the agency will supervise the debts of around 600 smaller borrowers. Nama took on the...

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