Ireland's NAMA - set up to manage billions in bad real estate loans - announces a loss of €1.1B...

|By:, SA News Editor

Ireland's NAMA - set up to manage billions in bad real estate loans - announces a loss of €1.1B for 2010. Trying to lure customers, the agency is proposing a scheme where buyers of properties would be protected against a fall in value of up to 20% over 5 years.