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Anglo loans for NAMA

THE NATIONAL Asset Management Agency (NAMA) could be tasked with taking over the remainder of Anglo Irish Bank's development loans at a 'block discount'.

This move might be introduced to speed up calculations on the bank's funding needs.

Finance Minister Brian Lenihan this week hinted that Anglo's NAMA process might be fast-tracked to enable the Financial Regulator to rule on the bank's capital requirements "by October", adding that a variety of NAMA options could be considered "in a very short space of time".


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