Covid-19 crisis might deal EUR100m hit to Nama's 2020 profit

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NAMA said Covid-19 disruption could shave more than €100m off its previous expected revenues for this year. Stock image


NAMA stated Covid-19 disruption might shave more than EUR100 m off its previous anticipated incomes for this year. Stock image

NAMA stated Covid-19 disturbance could shave more than EUR100 m off its previous expected earnings for this year. Stock image

Shawn Pogatchnik

The Covid-19 crisis could rock Nama’s earnings this year and complicate full shipment of a further EUR2bn payment to the State as vowed.

T he National Asset Management Firm stated in its yearly report that Covid-19 interruption could shave more than EUR100 m off its previous anticipated earnings for this year.

This could consist of a EUR32 m charge to Nama earnings if the nearly 200 debtors still on its books delay loan payments by approximately 3 months.

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https://covid19globalcases.com/covid-19-crisis-might-deal-eur100m-hit-to-namas-2020-profit/

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