Irish bad bank shifts focus to delivering new property
Asset disposals to be reduced in scale with Nama in “wind-down mode”
Ireland's bad bank is shifting its focus away from asset disposal and towards delivering new commercial and residential properties, according to its latest annual report.
"2016 is likely to be a year of transition" for the National Asset Management Agency (Nama), its chief executive, Brendan McDonagh, said in the report, published June 8.
After its inception in 2009, Nama acquired loans with a nominal value of €74 billion ($84 billion) from the country's troubled banks. It issued them €31.8
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