BoI and AIB face €12bn losses on property loans - The Irish Times - Tue, Dec 01, 2009
Similarly, Bank of Ireland estimated that it would be transferring loans worth €16 billion to the agency and would receive approximately €11.2 billion in return.
It stated that the 30 per cent discount “represents the maximum loss likely to be incurred on the sale of loans to Nama”.
via irishtimes.com
Is this 'the maximum loss' in the judgement of the bank (who appear to be continuing to increase their provisions as time goes by) or is there a commitment, in advance, from government that regardless of problems they will not insist on a total writedown in excess of 30%?
