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Ireland May Extend NAMA For Banks

Ireland is planning to extend its program to acquire banks’ noncore assets.

Ireland is planning to extend its program to acquire banks’ noncore assets, The Wall Street Journal reports. The central bank is considering several options for the restructuring of the banking system this year.

The options include a so-called “good bank/bad bank” for holding both healthy foreign and toxic assets. Ireland may also extend the National Treasury Management Agency (NAMA) or form a new agency. The NAMA has so far bought 11,000 troubled and healthy loans totaling €71.2 billion.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.

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