Key Post NAMA - Key Numbers

[Brendan Burgess]

As part of the plan to provide a series of posts explaining the facts of NAMA, I want to compile a reference post with all the Key Nunbers. I have listed out the figures I need. Please provide any answers preferably with links to the source of the answer - Brendan
Book value of loans to be transferred to NAMA : €80 billion to €90 billion
Value of underlying assets: unknowable
Amount to be paid for these loans: unknown, but probably around €60 billion
Rate to be paid on bonds used to buy these loans: ECB + .5%


Analysis of loan book
33% outside Ireland - mainly in the UK
33% Irish commercial investment property which is generating income
33% Irish residential and commercial development land and property

"Around 50% of the loans are being serviced by the borrowers" - Pat McArdle in Irish Times article.

Can anyone verify these figures? The main point which I am trying to reinforce here is that the entire loans are not made to the likes of Zoe Developments.

Investment,Land and Development loans by institution:
Anglo: €56 billion (Ireland: €30 billion)
AIB: €48 billion (Ireland: €30 billion)
Bank of Ireland: €34billion (Ireland: €15 billion)
Irish Nationwide:€8 billion (Ireland: €3 billion)
EBS: €2 billion - all Irish
Permanent tsb: nil – it had no property development loans

Total: €140 billion of which, €80 billion to €90 billion will go to NAMA.

Loans going to NAMA
Anglo: €33 billion
AIB: € 25 billion
Bank of Ireland:€18 billion
Irish Nationwide: €7 billion
EBS: €1 billion

Source: [broken link removed]

Already invested by government in banks:
Bail out terms for AIB and Bank of Ireland
AIB: €3.5 billion in subordinated debt (? )
Bank of Ireland: €3.5 billion
Anglo Irish Bank: €4.5 billion

Rate of interest charged by government: 8%

Retail deposits guaranteed by the Irish Government
€400 billion but this includes €100 billion of bonds

 

[Brendan Burgess]

Can anyone provide a source to this information which was quoted by Pat McArdle in The Irish Times and by the Bloxhams [broken link removed]. It really is very important.

Analysis of loan book
33% outside Ireland - mainly in the UK
33% Irish commercial investment property which is generating income
33% Irish residential and commercial development land and property

"Around 50% of the loans are being serviced by the borrowers" - Pat McArdle in Irish Times article.

Maybe the NAMA website - to be followed up

 

[Statler]

NAMA website has this document:
[broken link removed]
Section 1 gives the following geographic breakdown:
Ireland: 66%
NI: 6%
UK: 21%
US: 3%
Europe: 4%

Sectoral breakdown:
Land: 36%
Development: 28%
Associated Loans:36%

There is also a geographic breakdown of the L&D and Associated Loans.

Not sure where the 50% figure comes from. Seems to be 40% on page 11 of this:
[broken link removed]