Irish financial institutions to provide loan book details to NTMA; Central Bank says property-related loans fall to 61% of total private debt

May 22nd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The six Irish guaranteed financial institutions have to provide by Monday, a breakdown of their development loan books, showing the top borrowers, as part of the ongoing process of establishing the "bad bank," NAMA (National Asset Management Agency). The National Treasury Management Agency (NTMA) have requested a detailed breakdown of the €60 billion in development loans and related loans of €20-€30 billion across the banking system. Data from the Central Bank on Thursday showed that "real estate activities" loans (excluding mortgages and construction sectors) had risen by 7.7 per cent or €654m, to €90.4bn, in the first quarter of 2009, which is understood resulted from the rolling up interest on loans. Property-related loans amounted to 61 per cent of total loans compared with 65 per cent in 2008.

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