The National Asset Management Agency (NAMA) Numbers at a Glance

• An astonishing € 77 billion book value of loans has been identified as eligible loan assets likely to transfer to the National Asset Management Agency (NAMA).
• The figure of € 77 billion, estimated by the various financial institutions, is made up of approximately € 49 billion in land and development and approximately € 28 billion in associated loans.
• The loans identified for potential transfer consist of almost 2000 customers with around 21.500 loans.
• The breakdown among the five financial institutions are as follows :

 Allied Irish Bank - € 24 Billion
 Bank of Ireland - € 16 Billion
 Anglo Irish Bank - € 28 Billion
 Irish Nationwide - € 8 Billion
 EBS - € 1 Billion
• The average loan to value (LTV) rate for these loans is approximately 77%.
• Around € 9 billion of the € 77 billion is interest roll up (interest payments postponed)
• Two thirds of the loans are related to properties in the Republic while 20% are in the United Kingdom and 6% in Northern Ireland.
• The NAMA figures are based on estimates that Irish Property prices have fallen by an average of 50% since the loans concerned were given.

 

Karl Foley

Press Officer
John McCarrick and Associates
11 Dunville Avenue, Rathmines
Telephone:01 4960102
Fax: 01 4973717
Email: info@jmccarrick.com

 

 

 

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