Tuesday, March 30, 2010

Irish news (15): Loans and NAMA - Goverment plan to re-capitalize Ireland.

•Average discount of 47% on initial loans transferred to NAMA
•Purchasing €81 billion of loans in total
•AIB to get €1.88bn for loans worth €3.3bn - 43% discount
•Anglo Irish to get €5bn for €10bn of loans - 50% discount
•BoI to get €1.2bn for €1.9bn of loans - 35% discount
•Irish Nationwide to get €280m for €670m of loans - 58% discount
•EBS to get €90m for €140m of loans - 37% discount
•Transfer of all loans to be complete by February 2011

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