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DUBLIN, July 16 (Reuters) - 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)