Belfast Telegraph

NI debt makes up 5% of Nama loan portfolio

By Heather McGarrigle

Northern Ireland debt makes up just 5% of the Republic's 'bad bank' Nama's loan portfolio.

Senior executives from the Irish state agency revealed the figure yesterday as they reported their progress to the Northern Ireland Assembly and Business Trust.

Ronnie Hanna, head of credit and risk, briefed members of the Trust on progress at Nama.

Mr Hanna said that in dealing with Northern Ireland debt, Nama would seek to help stabilise the market, generate transactions, provide liquidity and encourage the phased disposal of assets.

He said Nama was keen to listen to the views of anyone in Northern Ireland who could be affected by its work.

He said: "We are very sensitive to the characteristics of the Northern Ireland economy and we are committed to listening to key stakeholders in that market and working with the NI public sector to ensure our approach is appropriately tuned for this market."

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