Category: nama

The National Asset Management Agency has completed its transfer of €2 billion to the Exchequer.   The sum represents half the expected surplus from NAMA’s operations. The agency made the announcement at the publication of its annual report today.  The expected balance of an additional €2 billion will be paid over the next two years. […]

Dublin-based legal firm McCann Fitzgerald last year received €1.54m in legal fees from the National Asset Management Agency. That is according to new figures provided by the Minister for Finance Paschal Donohoe in a written Dáil reply to Solidarity-People Before Profit TD Richard Boyd Barrett. In the figures provided by Mr Donohoe, NAMA last year […]

NAMA seeking €125m for 80% stake in docklands development NAMA is seeking bids of over €125 million for an 80% stake in the Poolbeg West Development in Dublin’s docklands. The asset management agency will retain an interest of a fifth in the development on 37 acres of land commonly referred to as the old Irish […]

NAMA wind-down date extended from 2021 to 2025 The Minister for Finance had recommended that NAMA should continue to manage its loan book beyond the agency’s expected 2021 wind-down date so as to deliver the best financial return for the taxpayer. The Department of Finance’s second review of the National Asset Management Agency – as […]

NAMA’s profit dropped 30.5% in first quarter as amount of cash generated fell The National Asset Management Agency made a profit of €41m in the three months to the end of March, according to its first quarter results. That is down €18m (30.5%) on the same period of 2018 and comes as the amount of […]