Approximately €6 billion worth of loans were foreclosed on due to the action banks took against smaller property players and property syndicate members.
Anglo Irish Bank to repay loan debt
EconomyAnglo Irish Bank have stated that they are no longer a systematic threat to the Irish economy, and that once they have finished winding down on the sale of their bad loans, they should be able to repay some of the 29 billion Euros loaned to them.
NAMA mortgage loans
NewsThe Chairman of NAMA Frank Daly has stated that NAMA may in the future provide mortgage finance to Irish home-owners.
Q3: NAMA manages €20.4 billion of loans in arrears
NewsNew figures show that just 1 in 4 NAMA loans are performing, leaving them having to manage over €20 billion of bad debts.
AIB seek to reduce Nama loans
NewsIt has emerged that AIB may have lobbied the Irish Department of Finance to cut the amount of loans tied to land and development finance under €20million being moved to Nama.
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