DUBLIN, July 16 Ireland's commitment that its
"bad bank" will repay the bulk of its debt two years ahead of
schedule will enhance the potential value of state-owned Allied
Irish Banks, finance minister Michael Noonan said.
Ireland's National Asset Management Agency (NAMA) plans to
repay a minimum of 80 percent of its senior debt by the end of
2016, two years earlier than planned, a government review of the
state-run "bad bank" said on Wednesday.
Noonan had previously said a major part of the review would
assess the impact of a quick wind-down on the country's banks
that hold the debt supporting NAMA on their balance sheets, a
particular drag for state-owned Allied Irish Banks which held
15.6 billion euros of the low-yielding bonds at end-2013.
(Reporting by Padraic Halpin, editing by John Stonestreet)