| 10.4°C Dublin



Emmet Oliver: For all its work, agency will still need an upturn

DESCRIBED as a bailout for banks and developers and a toxic skip, NAMA is starting to have the opposite effect on the Irish banking system.

By adopting a tougher-than-expected stance on loan values, the agency is punching huge gaping holes in the balance sheets of the main banks and forcing them to seek emergency capital injections from the government.

Most Watched