Nama chooses Pepper Asset Servicing for €1.8bn IBRC portfolio

The National Asset Management Agency (NAMA) has selected Pepper Asset Servicing as its preferred bidder to provide services on the portfolio of personal loans, principally residential mortgage loans, which it may acquire from the liquidators appointed to IBRC.

Nama chooses Pepper Asset Servicing for €1.8bn IBRC portfolio

The National Asset Management Agency (NAMA) has selected Pepper Asset Servicing as its preferred bidder to provide services on the portfolio of personal loans, principally residential mortgage loans, which it may acquire from the liquidators appointed to IBRC.

Today's announcement follows a competitive tendering process which was launched in September.

This portfolio could potentially comprise loans with an aggregate nominal par debt value of €1.8bn, according to NAMA, depending on the extent to which loans are sold by the liquidators during the current sales process.

Pepper Finance Corporation (Ireland) Limited, trading as Pepper Asset Servicing, was established in September 2012 and employs 170 staff in Dublin and Shannon.

Pepper Ireland is part of the Pepper Group which has its headquarters in Sydney, Australia and which specialises in lending, advisory and asset management services.

The appointment is subject to agreement on contractual terms.

more courts articles

Man (25) in court charged with murdering his father and attempted murder of mother Man (25) in court charged with murdering his father and attempted murder of mother
Man appears in court charged with false imprisonment of woman in van Man appears in court charged with false imprisonment of woman in van
Man in court over alleged false imprisonment of woman Man in court over alleged false imprisonment of woman

More in this section

FILE PHOTO The Competition and Consumer Protection Commission has cleared the purchase of Goodbody Stockbrokers by AIB END Goodbody Stockbrokers fined over €1.2m by Central Bank over rules breaches
Nottingham City Centre Stock Irish staff at the Body Shop wait for wages as retailer shuts stores in the Republic
Ryanair comments on Norwegian Ryanair boss O'Leary's spat with Transport Minister over Dublin Airport escalates
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited