Ireland's NAMA to buy Anglo Irish loans in 10 days

DUBLIN, April 13 (Reuters) - Ireland's 'bad bank' expects to buy its first loans from nationalised Anglo Irish Bank within 10 days, the chief executive of the National Asset Management Agency (NAMA) said on Tuesday.

NAMA has already acquired some loans from the four other institutions participating in NAMA but it has taken longer to work out valuations for Anglo Irish, which is contributing the most assets, NAMA's Brendan McDonagh said.

(Reporting by Andras Gergely, editing by Mike Peacock) Keywords: IRELAND BADBANK/ANGLO ([e-mail]; [phone]; Reuters Messaging: [e-mail]) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.