The NAMA figures

From the RTÉ report, NAMA will pay €54billion for €77billion worth of loans from the banks. According to the Minister, the market value of the properties underpinned by the loans is approximately €47billion. [Adds should have linked Mick’s post]. From the detail

* The breakdown among the five institutions is: Anglo Irish €28bn, AIB €24bn, Bank of Ireland €16bn, EBS €1bn, Irish Nationwide €8bn.
* The average loan to value (LTV) rate for these loans is approximately 77%.
* Around €9bn of the €77bn is interest roll-up, or interest payments postponed.
* 66% of the loans are in the Republic, 21% in Britain, 6% in Northern Ireland, 3% in the US and 4% in Europe.