NPRF sees Irish bank investments fall by a third

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IRELAND - Almost €4bn ($6.8bn)of National Pension Reserve Fund (NPRF) assets invested in Bank of Ireland and Allied Irish Bank last year has been written off, a government report confirms.

The annual report of the Comptroller and Auditor General shows that up to the end of 2010, the NPRF invested €11.35bn in Ireland's two biggest banks. However, as a result of an impairment loss of €...

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