Leak of Canadian bank interest in AIB stake post-NAMA loan transfer appears to have strategic motivation
Aug 14th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
A leak of the interest of a major Canadian bank to take a stake in Allied Irish Banks (AIB), following the transfer of AIB’s property development to the State's planned "bad bank" NAMA (National Asset Management Agency), appears to have a strategic motivation at a time when debate is focused on the Government's plan to transfer the property loans at a value above the current market level of the underlying property.