Bank of Ireland loan transfers to NAMA may be subject to “haircut” of less than 20%
Sep 17th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Bank of Ireland said in a trading statement today that it expects the discount paid for the loans it will transfer to "bad bank" NAMA to be less than the average 30% signalled by the Minister for Finance Brian Lenihan in the Dáil on Wednesday. Market expectations are that the so-called "haircut" or discount will be under 20%.