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Irish Bad Banks

Source: Reuters - Mon 22th Feb 2010

Ireland will transfer the first loans to the National Asset Management Agency (NAMA), a "bad bank" by the end of March, missing its latest deadline of late February, Finance Minister Brian Lenihan said on Monday.

"It will take until the end of March but it is very important we get the valuations right. We also have to get our EU approvals and they are going very well" Lenihan told Ireland's Newstalk radio station.

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