AIB - NAMA Loans
8th November 2010
Allied Irish Banks, p.l.c. (“AIB”) [NYSE:AIB] announces that it has transferred loans for a further 20 customers to NAMA totalling €3.2bn.
As previously stated, NAMA has estimated the overall discount to be applied to the remaining c.€13.5bn of loans to transfer to NAMA, by year end, including these loans, at 60%. AIB has agreed with NAMA that the final tranche can complete on a phased basis. This transfer is part of the final tranche of €13.5bn of loans that are intended to transfer to NAMA.
For further information, please contact:
General Manager, Corporate Services
Tel: +353-1-6600311 Ext: 12162
Head of Corporate Relations & Communications
Tel: +353-1-6600311 Ext: 13894