A new survey on the banking industry here shows resounding support for the National Asset Management Agency.

Bloxham Stockbrokers' Irish bank survey reveals that 80% of respondents feel that NAMA has and will continue to improve sentiment towards the Irish economy.

The Bloxham research gauges investors' attitudes to developments in the Irish banking sector and the Irish economy and is the firm's second survey on the industry.

77% of institutional investors who responded to the survey and 63% of retail respondents said the case for investing in Ireland has improved over the last 12 months. This is true for both Irish equities and bonds.

The survey also reveals that expectations for the economy remain unchanged from last July's survey. 65% of respondents predict a recovery in the economy before the second half of next year. A quarter of retail respondents and 38% of institutional respondents expected a recovery this year.

'While much progress has been made, reflected in the strong bond market performance recently, the restructuring and recapitalisation of the Irish banking sector remains pivotal to the economy's performance,' Bloxham said.