AIB and Bank of Ireland announce EGMs to approve participation in “bad bank” NAMA - - discounts of 30% expected on transferred loans
Nov 30th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Both AIB (Allied Irish Banks) and Bank of Ireland announced today that EGMs (extraordinary general meeting of shareholders), will be held in coming weeks, to approve participation in the State's "bad bank," NAMA (National Assets Management Agency). Both banks signalled they expected that property loans will transfer at a discount of about 30%.