Chairman of National Asset Management Agency Frank Daly has said that NAMA is in the process of securing a further half a billion Euro worth of assets from it debtors.
Frank Daly said that NAMA has so far succeeded in reversing the transfer of €160m worth of assets to relatives by those owing money to the agency.
Mr Daly also said that it has secured legal claim over a further €200m worth of assets owned by its debtors.
He was speaking at a function hosted by the Dublin Chamber of Commerce.
Mr Daly said the agency spends huge amounts of time dealing with a small number of debtors who have not acclimatised themselves to new realities.
He also rejected claims that NAMA is not transparent saying it is legally constrained from disclosing information about its operations.
Disclosing detail about debtors, loans and property would also fatally compromise the agency's mandate he added.
