We don’t even own a majority of NAMA?
According to Money Guide Ireland we actually only own 49% of this toxic waste, the rest is owned by PTSB, AIB and BOI, who purchased their share for just €51m. That’s can’t be right, surely?
But â€“ there is a small catch â€“ PRIVATE INVESTORS actually own 51% of Nama’s (National Asset Management Agency) property loans.
17% is owned by Irish Life which is part of Permanent TSB
17% is owned by New Ireland â€“ which is part of the Bank of Ireland Group
17% is owned by â€œmajor pension and institutional clientsâ€ of AIB Investment Managers
They paid €51 Million for a 51% share in NAMA.