Business Alliance has warned that Northern Ireland companies could be affected by Nama's commercial loan scheme.
An organisation has warned that several major firms in Northern Ireland could be negatively affective by Nama, the Republic of Ireland's "bad bank", which is paying €54 billion (£49 billion) for impaired
commercial loans.
Business Alliance, which comprises the CBI and the Northern Ireland Chamber of Commerce, has said that Nama could end up taking over all loans from a firm, even if its amount of
commercial property finance borrowings are fairly small.
Banks covered by the scheme include Anglo Irish, First Trust and the Bank of Ireland, all of which have lent billions of pounds in property development loans to firms in Northern Ireland.
"NAMA brings a set of unprecedented changes to the Irish business, investment and property landscape," Belfast Today reports Kevin Kingston, chairman of Chartered Accountants Ulster Society, as saying.
It follows news that signs of rental and yield stabilisation are emerging in Ireland's commercial property market, according to a report from CB Richard Ellis.
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