Banks must provide NAMA loan breakdown by today
Monday May 25 2009
Today is the deadline for banks and building societies covered by the State guarantee scheme to provide a breakdown of their loan portfolios for NAMA.
The six firms have been told to provide detailed information on their property and development loan portfolios to officials from the National Treasury Management Agency.
This will facilitate preparations for the transfer of troubled loans to NAMA once the relevant legislation is enacted.
Finance Minister Brian Lenihan, meanwhile, has indicated that the Dail may be recalled over the summer if such a move is necessary to get the NAMA legislation passed.
