THE NATIONAL ASSET Management Agency (NAMA) has written to the chief executives of Irish banks asking them to be quicker in providing it with details of the toxic loans it is buying from them.

The communication comes as the agency takes over €8bn in loans from Anglo Irish Bank as part of the second tranche of loans, which are being bought by NAMA at a 61% discount, effectively completing the second tranche.

Bank sources have told the Irish Times that NAMA’s chief executive, Brendan McDonagh, has written to his counterparts at AIB, Bank of Ireland and Anglo Irish Bank as well as building societies EBS and Irish Nationwide asking them to step up their efforts in providing details on loans.

In a related move, McDonagh also outlined a new payment scheme for further tranches of loans – for the third tranche, which begins next month, it will wait until all of the individual banks are ready before taking receipt of the loans en masse, as it did for the first two.

It is understood that similar hold-ups were incurred for the €8bn taken from Anglo today, which was announced on July 19.

For further tranches – with three more due in the three months up to Christmas – it will take them over on an individual case-by-case basis.

NAMA is taking over any loan worth over €5m relating to property, and has paid less than half of the book value of the €28bn in loans it has taken from the books of the five institutions.