Nama

...was stabilising. Finance Minister Brian Lenihan told the Dail in mid-September that the country's lenders were expected to take an average 30pc writedown on around EUR77bn of loans being taken over by NAMA. Within hours of the...

In this article: Allied Irish Banks, Bad debt, UK, and Republic of Ireland

...RBS's application to join the scheme. The Irish officials had no idea RBS was considering using the Nama scheme until Hester alluded to the possibility in a conference call with analysts two weeks ago. His comments came after the bank...

In this article: RBS, Stephen Hester, Ireland, Ulster Bank, European Union, Geoscience, Deflation, and Australian Stock Exchange

...Ireland's Minister for Finance Brian Lenihan said around 16bn euros worth of Bank of Ireland loans would be transferred into Nama, the country's "bad bank" which is intended to remove toxic property loans from lenders' balance sheets.

In this article: Bank of Ireland, Irish government, Ireland, UK, Joint venture, Balance sheet, Recession, Post Office, and Allied Irish Bank

...will enhance Ireland's international credit rating. Mr Lenihan's plan assumes Nama's 54bn euro debt will fall by 6.5bn euros per year from 2013 onwards, until Nama's wind-up in 2020. It was also revealed that Irish officials are in talks...

In this article: UK, Balance sheet, Irish government, Fine Gael, and Richard Bruton

The existing North South Ministerial Council should be used as a forum to enable governments on either side of the border to examine the Nama (National Assets Management Agency) plan, the party's Jennifer McCann told the Stormont Assembly.

In this article: Jennifer McCann, All rights reserved, Bad debt, Deflation, Irish government, Sinn Fein, and Sammy Wilson

...distortions" in the Irish banking system. It has also cautioned that NAMA's acquisitions of bank assets may have the effect of "distorting the market for investment property in Ireland". "NAMA may precipitate a restructuring process of...

In this article: Irish Life & Permanent, Anglo Irish Bank, and Balance sheet

...chief economist at KBC Bank of Ireland. The EU approval for not counting the NAMA purchases depends on the complex terms of the National Assets Management Agency (NAMA) legislation being passed. A "special purpose vehicle" (SPV) with...

In this article: EU, Respondent, Fine Gael, and KBC Bank

...national debt, will take over as its chief executive. This will follow the retirement in the next few weeks of Michael Somers, the present chief executive officer of NAMA. Mr McDonagh will have the job of managing the EUR54bn of bank...

In this article: Anglo Irish Bank, Eugene Regan, and Ireland

...be reduced ANALYSTS at credit rating agency Moody's have given support to the Government's budget plans and NAMA bank rescue scheme, but painted a stark picture of gloomy prospects for the Irish economy over the next few years. In its...

In this article: Moody's, Ireland, and Balance sheet