Ireland May Extend NAMA For Banks

Ireland is planning to extend its program to acquire banks’ noncore assets,The Wall Street Journalreports. 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 theNational 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.

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Click here for additional coverage fromReuters.