Tag: boi

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 – there is a small catch – 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 – which is part of the Bank of Ireland Group

17% is owned by “major pension and institutional clients” of AIB Investment Managers

They paid €51 Million for a 51% share in NAMA.