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Ireland May Set Up Second Agency to Help Shrink Banks

Ireland may set up a second asset-management agency to slim down the country’s banking system and help lenders reduce their reliance on European Central Bank funding.

The National Asset Management Agency, established in 2009, has purged banks of about 71 billion euros ($93 billion) of risky commercial real-estate loans. Now, a second organization is being considered, Jill Forde, a spokeswoman for the Dublin-based central bank, said by telephone today.