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Panel of experts will advise NAMA on business plans

THE Government is to create a panel of up to 40 financial advisers to review each of the business plans submitted to NAMA by banks and developers.

The National Asset Management Agency is seeking to create the panel to evaluate the validity of each plan. Advisers interested in the lucrative role have until Friday to apply for the posts.

A tender for the experts states that NAMA wants to compile a panel of advisers in connection with the "review and evaluation of borrowers' business plans and to assist NAMA in its interface with the those borrowers".

The advisers will have to evaluate all business plans submitted by borrowers to determine if these are in accordance with the NAMA business-plan template, as well as carrying out an assessment of the overall financial viability of plans.

Irish Independent