Yesterday was D-day for the transferral of the second tranche of loans across to Nama from the five participating banks. However, the biggest transfer – an estimated €8bn from Anglo Irish Bank – was delayed.

Neither Nama or Anglo was forthcoming about reasons for the delay, nor did they present a revised deadline, merely stating the loans will be acquired in the “coming weeks after all due diligence material has been received and evaluated”.

One of the upshots of Nama, you might remember, is that the domestic banks have been hiring compliance specialists and loan work out administrators (on a contract basis) in order to carry out all due diligence issues before transferring these loans across.

Has Anglo been excluded from this recruitment? Apparently not – sources tell us that the bank has recruited between 15-25 people over the last six months, specifically to work on Nama-related issues.

What’s more, it’s believed to still have requirements to add to its team going forward.

“They’ve taken people on, and are in the process of recruiting more, but given the volume of loans to be worked out, they’ve been left a little short-staffed,” says the source.

It’s easy to see why Anglo might be struggling. The other four institutions – Bank of Ireland, AIB, EBS Building Society and Irish Nationwide Building Society – have transferred €5.2bn across between them at an average discount of 48%.

Anglo has an estimated €8bn to move across to Nama, from the 23 borrowers below the biggest 10 developers, which is around €5.2bn more than the next largest (AIB with €2.73bn).