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After NAMA: How long before the banks start lending again?

Borstal Boy · 2009-05-31 07:00:51

Once NAMA is up and running, and the banks aren't burdened by their bad debts any more, how long do you think it will be before they start lending again? I ask this because the business that I work for really needs credit to fund capital investment, but they are finding it very difficult to get approval from the bank.

31-05-2009 7:00am

#1

Borstal Boy

Closed Accounts Posts: 19 ✭

Join Date: May 2009

Posts: 16

Once NAMA is up and running, and the banks aren't burdened by their bad debts any more, how long do you think it will be before they start lending again?

I ask this because the business that I work for really needs credit to fund capital investment, but they are finding it very difficult to get approval from the bank.

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Comments

#2 31-05-2009 11:46am

johnnyskeleton

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I am not all that confident that NAMA will have the effect of making banks lend more money.

I don't think the banks will be throwing money around like they have for the last few years in a long time.

So I wouldn't hold my breath for credit becoming immediately available to you if it wasn't before.

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