TITLE

Restoring discipline to Irish banks

AUTHOR(S)
Norman, Paul
PUB. DATE
April 2010
SOURCE
EG: Estates Gazette;4/10/2010, Issue 1014, p37
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
50405315

 

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