Ireland’s “bad bank” is eyeing a profit of €1bn (US$1.26bn) over its lifespan but it could also make a €800mo loss in a more “stressed” scenario, it said in its business plan on Tuesday. Dublin set up the National Asset Management Agency last year to cleanse lenders such as Bank of Ireland and Allied Irish Banks of shaky property loans with a total nominal worth of €81bn.
Irish ‘bad bank’ eyes $1.26bn profit, loss possible
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