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Sept. 29 (Bloomberg) -- Brendan McDonagh, chief executive officer of the National Asset Management Agency, said loan sales will form “a major part if our strategy going forward.”
In a speech in Dublin today, he said he’s open to selling loans related to “individual assets, whole debtor connections or groups of loans by geography.”
He also said there’s “strong indicative interest from investors, mainly foreign, in purchasing Irish commercial property.” While “liquidity remains the key constraint,” the agency is “is ready to be innovative in monetising its portfolio with additional initiatives being progressed over the coming months.”
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