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NAMA figures?

  • 26-02-2010 8:22pm
    #1
    wexhurdler
    Closed Accounts Posts: 83 ✭✭


    Hey,

    I'm doing a project on NAMA and I was just wondering if anybody had an idea of the following figures?

    1.The value of the Loans being transfered to NAMA
    2.How much NAMA is paying for those loans?? like the discount rate?

    Thanks:)


Comments

  • #2
    Économiste Monétaire
    Closed Accounts Posts: 2,208 ✭✭✭Économiste Monétaire


    http://www.nama.ie/Publications/2009/Business_Plan_13OCT09.pdf


  • #3
    noodler
    Registered Users, Registered Users 2 Posts: 26,734 ✭✭✭✭noodler


    Don't forget the document is old so whilst the value of the loans was 77m but now only worth around 49m But the government premium of 7m will be added. So a total cost of 56m was envisaged.

    In theory but recently it looks like the loans may be further discounted (lost even more value than 30%, 35% maybe) and that the actual loans transferred from the various institutions may have changed in composition (many feel BOI/AIB will need to transfer less loans than previously whilst many of the smaller banks will need to transfer more than originally envisaged).

    Make sure you get a copy of the EU verdict on NAMA along with the government press release concerning same - will make for an interesting comparison aspect of your project I reckon.


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