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Nine News: David Murphy, Business Editor, reports that this is a positive move in that it gets cashflow moving
The Chief Executive of the Agency, Brendan McDonagh, said that the business plan anticipates 25% of outstanding loans will be paid off by 2013.
Mr McDonagh said that NAMA was determined to meet that target.
Speaking at the Richard Cantillon School of Economics in Tralee, he said the Agency was preparing to take enforcement proceedings against defaulting borrowers this year if necessary.
He said if borrowers were incapable or unwilling to repay loans 'we will move quickly to enforcement proceedings'.
NAMA has completed tender assessments for solicitors and insolvency practitioners who will execute proceedings.
