Ireland’s £72bn National Asset Management Agency this week began a search for loan book sale advisers as it continues to ramp up its disposals programme.
The country’s “bad bank” is expected to select around 10 advisors, following the model it has used for its valuations and asset sale advisory panels.
Nama’s sales panel is expected to comprise six advisers in Europe and four in the US.
NAMA has bought €72.3bn of loans at an average discount of 58% over 2010 and 2011 to try to stabilise the Irish banking system.
Its UK loan portfolios’ face value is €19bn and the value of the property on which it is secured is around €9bn.
bridget.oconnell@estatesgazette.com
