It said five banks participating in Nama have an exposure of 2bn euros in total to Mr McKillen.

BBC: Developer Paddy McKillen loses challenge to Nama

The Irish government's National Asset Management Agency (Nama) has effectively repossessed an English shopping centre that was owned by two of Northern Ireland's wealthiest property developers.

BBC: Nama HQ

An outstanding loan on the site was transferred to the Irish Government's National Asset Management Agency (NAMA).

BBC: County Down eyesore set for demolition