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Frank Cushnahan and Ian Coulter are on trial in Belfast accused of fraud

Pimco's legal team behind NAMA deal withdrawl, trial told

The former executive vice president of a US investment fund has confirmed a decision to withdrawn from a deal to purchase the Northern Ireland loan book was taken by the firm's legal team.

Business • 12 Nov

Lives of defendants 'destroyed', NAMA trial told

One of Northern Ireland's most prominent property developers has told a jury that the lives of two men on trial for fraud have been "destroyed, both professionally and personally".

Business • 11 Nov

NAMA trial continues at Belfast Crown Court

The jury in the NAMA property fraud trial heard yesterday that members of the Northern Ireland Advisory Committee (NIAC) were legally obligated not to put their "personal interests" ahead of the workings of the Committee.

Business • 11 Nov

NAMA CEO gives evidence at Belfast NAMA trial

The chief executive of the National Assets Management Agency today confirmed the Gardaí were not informed about a potential criminal offence linked to the sale of the Northern Ireland loan book in March 2014.

Business • 06 Nov

Surprise that lawyer may have lied about NAMA deal

The former senior figure of a US investment fund today expressed his surprise that a lawyer may have lied to him about a deal concerning the Northern Ireland loan book.

Business • 04 Nov

Ian Coulter on trial over NAMA deal branded 'greedy'

A Co Antrim man on trial for fraud charges linked to the sale of the Northern Ireland loan book was branded a 'greedy fker' by a senior member of an American-based investment firm, a jury heard today.

Business • 03 Nov

NAMA solicitor gives evidence at Belfast trial

A fraud trial linked to the sale of the Northern Ireland loan book today heard how a US investment firm had 'no choice other than to gracefully withdrawn' from a £1.1bn property deal.

Business • 15 Oct

Fraud case witness Frank Daly at Belfast Crown Court on 8th October

Former NAMA chairman spends third day in witness box

The workings of a committee set up by the National Asset Management Agency (NAMA) to advise in respect of property debts in Northern Ireland came under scrutiny today.

Business • 13 Oct

Image of an elderly business man in a suit

Former NAMA chairman gives evidence at Belfast trial

The former chairman of the National Asset Management Agency revealed he would have expected businessman Frank Cushnahan to "raise his hand" and declare his involvement in a deal to sell the Northern Ireland property loan book.

Business • 09 Oct

Trial of two men accused of fraud over NAMA deal begins

Two prominent businessmen have gone on trial in Belfast accused of fraud related to a National Asset Management Agency loan deal of more than £1 billion.

Business • 01 Oct

Trial of men accused of fraud over NAMA deal to begin

The trial of two prominent businessmen accused of fraud over a £1 billion 'NAMA' loan deal is to start later this month, a court heard today.

Business • 09 Sep

The probe was launched Twitter messages between Jamie Bryson, Daithí McKay and the account of Thomas O'Hara were leaked

Jamie Bryson, two others cleared in NAMA misconduct trial

Three men have been cleared at Belfast Crown Court of charges relating to misconduct in public office.

Courts • 03 Jul

Did Ireland's 'bad bank' NAMA work?

At the height of the financial crisis in 2009 Ireland set up the National Asset Management Agency, better known as NAMA.

Analysis and Comment • 15 Jun

Three out of four staff at NAMA paid over €100k last year

More than three out of every four staff at the National Asset Management Agency (NAMA) earned over €100,000 last year.

Business • 12 Jun

NAMA to return €300m more than expected to Exchequer

NAMA, the State body responsible for handling property loans from the financial crisis, plans to return more money to the taxpayer than previously expected.

Business • 11 Jun

The inquiry began in 2017 and concluded that NAMA had got the best price for the €1.6 billion Project Eagle lands

€14.4m spent on Project Eagle seven year inquiry

The Department of the Taoiseach and NAMA have spent at least €14.4m on a seven-year inquiry into a controversial land deal that was only finalised last week.

Business • 04 Mar

Pre-tax profits dip at Gannon Homes as firm exits NAMA

Pre-tax profits at Gerry Gannon's Gannon Homes declined by 40% to €3.39m in 2023 as revenues dipped.

Business • 27 Feb

NAMA was set up during the financial crisis when Ireland's banks were overwhelmed with bad loans lent to developers

What is NAMA and Project Eagle?

Why was the National Assets Management Agency set up and what was its purpose?

Ireland • 25 Feb

The probe examined the disposal of a portfolio of loans called Project Eagle to US fund Cerberus

Investigation criticises NAMA's sale of assets in NI

A Commission of Investigation appointed to examine the sale of assets in Northern Ireland by the State's National Asset Management Agency found the strategy "was appropriate in the circumstances", but has raised issues regarding the agency's handling of conflicts of interest.

Business • 26 Feb

The agency's latest quarterly report shows that €207 million in cash was generated during the nine month period.

NAMA records profit of €80m for first nine months of 2024

The National Asset Management Agency (NAMA) recorded a profit of €80 million between January and September last year.

Business • 07 Feb

Brendan McDonagh, NAMA's chief executive

NAMA completes transfer of €400m to Exchequer

The National Asset Management Agency has today completed another €400m cash transfer to the Exchequer, bringing the total cash paid to the Exchequer from NAMA's surplus to €4.25 billion.

Business • 20 Dec 24

NAMA said today it generated a total of €115m cash in the six month period, with a further €93m generated between July 1 and September 27.

NAMA takes control of sites for 4,000 homes from debtors

The National Asset Management Agency has reported a profit of €53m for the six months from January to June of this year.

Business • 17 Oct 24

The asset management agency said it had paid €1.1 million in redundancy to sixteen different people.

NAMA pays €1.1m in redundancy as it winds down operations

The State's bad bank NAMA paid out around €1.5 million last year in redundancy and garden leave payments as it continued to wind down its operations.

Business • 12 Aug 24

Govt to draft law to dissolve NAMA and wind up IBRC

The Government has given the go-ahead for the drafting of legislation to complete the dissolution of the National Asset Management Agency (NAMA) and the winding up of the Irish Bank Resolution Corporation (IBRC).

Business • 02 Jul 24

NAMA has reported an after-tax profit of €68m for 2023 - its 13th consecutive year of profitability

NAMA on track to wind down by the end of 2025

The National Asset Management Agency remains on track to wind down completely by the end of next year.

Business • 19 Jun 24

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