A new bank called the Strategic Banking Corporation of Ireland (SBCI) has been launched by the Government today (May 22nd) . It is planned that the new company will make over €500 million of new credit available to Irish small businesses . The government say that the new SBCI will provide loans that are currently […]
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NAMA
Who Owns NAMA ?
Most of the general public in Ireland will assume hat NAMA is fully owned by the Irish Government . (Probably – most of the general public in Ireland don’t really care.) If the bad debts turn out to be OK – then NAMA could make a profit – so that could be good for the […]
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NAMA List of Houses For Sale in Deferred Mortgage Scheme
NAMA have announced a scheme called a deferred mortgage scheme – which aims to encourage people to buy property whilst protecting them against future price drops. Under the NAMA scheme – 80% of the agreed sale price will be paid upfront and the remaining 20% will be paid after five years if the property does […]
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List of Nama Properties
NAMA have published a list of properties that are subject to enforcement in Ireland, Northern Ireland and Great Britain. NAMA has taken over many of the large loans made by Irish banks – and n some cases it has taken “enforcement action” on these loans by placing the related properties into receivership. NAMA states that […]
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Summary of Initial NAMA transfers.
Today – after a few months of waiting and wondering – the minister for Finance announced details of the first wave of bad debts to be transfered from the Irish banks to NAMA (National Asset Management Agency) Just over 1,200 individual loans are involved with a total “book” or nominal value of €16 billion. They […]
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