The National Asset Management Agency has completed the latest transfer of €250m in funds to the Exchequer.
NAMA said this marks the fourth payment to the Exchequer from its lifetime surplus and brings its total cash transfers to €2.75 billion.
NAMA said it plans to make a further payment to the Exchequer of €250m by the end of 2021.
The agency added that it plans to make additional transfers from its projected lifetime surplus of €4.25 billion over the coming years.
All surplus transfers are subject to market conditions, it added.
Brendan McDonagh, NAMA's chief executive, said that today's payment represents just one of a number of cash transfers NAMA continues to make from its lifetime surplus.
"We expect to have transferred €3.4 billion in cash by the end of this year and will make further payments totalling €1.25 billion over the coming years," Mr McDonagh said.
"These payments represent a valuable contribution to the State and are enabled by our strong cash position and continued profitability," he added.
Coupled with corporation tax paid of €400m, NAMA said it total dividend to the State from its operations will be of the order of €4.65 billion.
