Deutsche bank bids for last big sale at NAMA

Group expresses interest in projects Emerald and Ruby

22nd April, 2016
Deutsche Bank headquarters in New York Pic: Getty

Europe's largest investment bank Deutsche Bank has put in a bid for one of the last big portfolio sales at the National Asset Management Agency (Nama).

The two portfolios - Emerald and Ruby - have a combined value of €4.7 billion and include €750 million of residential property loans leftover from the property crash.

There is a total of 950 residential properties in the deal, with just over 50 per cent occupancy.

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