The National Asset Management Agency (NAMA) has reported profit after tax of €33m for the first quarter of the year.
It generated €0.1 billion in cash in the three month period, bringing total cash generation from inception to 31st March 2022 to €47 billion.
NAMA generated a further €0.2 billion in cash in the period from 31st March 2022 to 24th June 2022 bringing cumulative cash generated since inception to €47.2 billion.
Cash, cash equivalent and liquid asset balances held at 31 March 2022 were €789m.
The agency has now transferred a cumulative €3.65 billion cash to the State; €3.25 billion from its lifetime surplus and a further €0.4bn in corporation tax payments.
The data shows that NAMA has funded and facilitated the delivery of over 25,204 new homes to date.
Of these, 13,425 were directly funded by NAMA either though the provision of funding directly to debtors and receivers or facilitating development via licence agreement or joint venture.
A further 11,779 were delivered on former NAMA-secured sites.
2,687 social housing homes had been delivered or committed by NAMA, excluding those delivered under Part V arrangements on NAMA-funded residential developments.
