Agency	2013 €'000	2012 €'000
Loan due to NALML and related interest	53,513	53,320
	53,513	53,320

On 25 February 2011, NALML, a Group entity, issued an interest bearing loan of €52m to NAMA The purpose of the loan was to provide funding from the Group to NAMA to repay a loan of €49m and accrued interest to the Central Fund. Interest is based on the 6 month Euribor rate. The loan is extended annually on 25 February unless terminated as agreed between the parties. The Group has no external loans or borrowings.