The National Asset Management Agency says it has completed the transfer of the first batch of loans from Anglo Irish Bank.
NAMA confirmed that the discount it paid for the €10 billion worth of loans was 55%, in line with the figure it gave earlier this month.
The agency has now completed the transfer of the first loans from the five institutions taking part in the scheme - Anglo, AIB, Bank of Ireland, EBS and Irish Nationwide. It paid €7.7 billion for €15.3 billion of loans, a discount of 50%.
NAMA has also announced two senior appointments. Graham Emmett has been appointed head of lending. He joins NAMA after a period working with Ernst & Young in London dealing with the liquidation of the property loan book of Kaupthing Singer & Friedlander.
Frank O'Connor has been appointed head of treasury. Mr O'Connor has worked in a number of roles within AIB since 1990. For the past six years he has held the role of head of wholesale treasury at the bank's Polish subsidiary BZ WBK.
