Anglo to transfer €36bn of loans to NAMA, up from €28bn last September

[DCon]

Anglo haircut to be 50% apparently

It is understood that the discount on the first tranche of loans for Irish Nationwide and Anglo Irish could be as high as 50pc, although Anglo Irish has not received a notification or "acquisition schedule'' yet.

BOI and INBS are disputing..

Bank of Ireland and Irish Nationwide are the two lenders disputing the first loan notifications sent out by NAMA amid indications that the society's discount on its first tranche will top 40pc.

The Irish Independent has also learnt that the reduction in loans Bank of Ireland is transferring to NAMA, from €16bn originally to €12bn, is partly down to borrowers in the UK refinancing loans with other banks to avoid being included in Ireland's 'bad bank'.

Irish Nationwide's valuations have been hit in particular by the fact that it took equity stakes in many of the deals it bankrolled, according to sources.

BoI, Nationwide dispute severe NAMA discounts - Irish, Business - Independent.ie

[Malbekh]

Well this goes back to my central point on Anglo, being their soon to be released financial figures (allegedly) showing losses of between €12b and €14b. If they have shipped in (allegedly) €36b worth into NAMA and it is a 50% discount, that's €18b. Like I said, I think we need to take a rain check until they release their figures and explain the rationale in detail.

[hammer]

The losses are changing daily. Might need to revise the accounts to December 31, 2009. Saying all that the valuations were supposedly November 2009 prices

As the NAMA transfer increases and as the discount increases the Anglo losses increase.

As does our recapitalisation figure.

Ge tit over with ASAP. Transfer all ANglo loans to NAMA and make the staff redundant. Duksey could manage on his own with a part time secretary at this stage.

[NAMAwinelake]

Anglo Chief Executive yesterday confirmed to the Oireachtas Joint Committee on Finance and Public Service that Anglo will transfer €35.6bn of loans to NAMA, backing up the original media claims that it was close to €36bn. I am still curious as to how the figure rose by €7.6bn since last November. The cynic inside me knows that the Government will have to go back to the Dail if the LEV exceeds €54bn and of course on the original €77bn the EU ruling has reduced the LEV by €2bn and I wonder whether the Government are taking advantage of the room they have with the €54bn to bung other "grey" land and development loans in there - they're now talking about €80bn of loans, up from €77bn last September but that might be interest. The Times were talking €80-82bn which couldn't be explained by interest. What's happening.

Bank chief says State must invest €9bn to keep Anglo afloat - The Irish Times - Thu, Mar 25, 2010

[hammer]

Guesstimates of between €18 billion and €22 billion over 10 years. Have Anglo got any guesstimates right in the last 2 years.

It amazes me that the guesstimate range is €4,000,000,000

This is the same as cutting social welfare payments including childrens allowances by 20%