Restoring discipline to Irish banks

Norman, Paul
April 2010
EG: Estates Gazette;4/10/2010, Issue 1014, p37
Trade Publication
The article focuses on the National Asset Management Agency (Nama) which was designed to handle bank loans in Ireland. It notes that the bank acquired loans worth slightly over six billion euros from banks including Allied Irish Banks, Bank of Ireland and EBS Building Society. It mentions that Nama will provide securities in exchange for the loans. Brendan McDonagh, Nama chief executive, states that the agency intends to restore discipline to loans and borrowers in a bid to protect the interest of taxpayers.


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