Fewer than 6 per cent of property developers who ended up in Nama paid off their debts in full to the agency, The Sunday Business Post can reveal.
Some 779 borrowers had their debts transferred to the agency and by the end of last March, 442 of them had exited the agency’s clutches. But just 44 of them had paid of their debt at par, or the original value of their loans.
The total amount repaid by...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team