The chief executive of the EBS Building Society has said his bank would like to be invited by National Asset Management Agency, when it is established, to deal with its property loans worth between €750 to €800 million.
Speaking on RTE’s This Week, Fergus Murphy said EBS would remain reasonably strong with a reduction of between 20% and 40% on its balance sheet but the bank would still need €300 million of Government capital.
He also said EBS had no immediate plans to increase residential mortgage interest rates but that the situation would be reviewed in October.
