Ireland’s bad bank worse than expected

dublin-panaromic-view-down-lit-river-liffey-at-night

The size and scale of Ireland's National Asset Management Agency (Nama), which will see the country buy €81 billion ($109 billion) worth of bad loans by next February, on Wednesday unnerved investors.

The entity, which officially opened on Tuesday, has been designed to transfer toxic loans off the balance sheets of Ireland's five biggest banks- Allied Irish Banks, Bank of Ireland, Irish Nationwide Building Society, EBS Building Society, and the already-nationalised Anglo Irish Bank.

Markets were

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: