A new bank called the Strategic Banking Corporation of Ireland (SBCI) has been launched by the Government today (May 22nd) . It is planned that the new company will make over €500 million of new credit available to Irish small businesses . The government say that the new SBCI will provide loans that are currently […]
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NAMA
Who Owns NAMA ?
Most of the general public in Ireland will assume hat NAMA is fully owned by the Irish Government . (Probably – most of the general public in Ireland don’t really care.) If the bad debts turn out to be OK – then NAMA could make a profit – so that could be good for the […]
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NAMA List of Houses For Sale in Deferred Mortgage Scheme
NAMA have announced a scheme called a deferred mortgage scheme – which aims to encourage people to buy property whilst protecting them against future price drops. Under the NAMA scheme – 80% of the agreed sale price will be paid upfront and the remaining 20% will be paid after five years if the property does […]
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List of Nama Properties
NAMA have published a list of properties that are subject to enforcement in Ireland, Northern Ireland and Great Britain. NAMA has taken over many of the large loans made by Irish banks – and n some cases it has taken “enforcement action” on these loans by placing the related properties into receivership. NAMA states that […]
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National Pension Reserve Fund Almost Empty
The National pension Reserve Fund is being raided used as part of the bailout agreed by Ireland . Figures on how much of the NPRF will be used range from €9 to €12.5 Billion . A total of €17.5 billion of state funds are to be used as a condition of the bailout . The […]
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