views

Deadline passes for Irish banks

THE DEADLINE for Irish banks wishing to make use of the state&rsquo;s loan guarantee scheme passed yesterday, with six lenders outlining the lending portfolios they wish to transfer to the National Asset Management Agency (Nama), the Republic&rsquo;s &ldquo;bad bank&rdquo;.<br /><br />The firms had to provide information on their loan portfolios to officials from the National Treasury Management Agency, to prepare for the transfer of loans to Nama. Finance minister Brian Lenihan has suggested that Irish parliament may be recalled to pass to bring Nama into existence.