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NAMA said the next 16 months were critical in their efforts to complete an orderly wind-down while continuing to deliver value to the Exchequer

NAMA warns of chance of being seen as 'easy target'

The National Assets Management Agency warned of the possibility of being seen as an "easy target" if it rushed to settle outstanding court cases ahead of its planned final wind-down date in 2025.

Business • 01 Dec 23

NAMA CEO Brendan McDonagh was before the the Public Accounts Committee today

NAMA defends knockdown sale to debtor's brother

The National Asset Management Agency sold multi-million euro loans at a 97.5% discount to a debtor's brother, an Oireachtas committee has heard today.

Business • 28 Sep 23

NAMA to face PAC questions over heavily discounted deal

The National Asset Management Agency is expected to face questions from the Public Accounts Committee (PAC) in the coming weeks about a case in which it sold loans at a 97.5% discount to a debtor's relative.

Business • 22 Aug 23

NAMA acquired the loans originally in 2010 at a discount of 49% on the then par value of €8.6m

NAMA sold loans at 97.5% discount to debtors' relative

The National Asset Management Agency (NAMA) was warned by independent valuers that assets it controlled with a market value of €1.3m were unlikely to ever be sold for that amount or at all while threats and intimidation connected to the properties continued.

Business • 12 Jul 23

In its annual report, the agency said it is on track to deliver a total contribution of €4.9bn to the Exchequer over its lifetime.

NAMA reports after-tax profit of €81m for 2022

The National Asset Management Agency (NAMA) has reported an after-tax profit of €81m for last year.

Business • 22 Jun 23

NAMA says that between January and September, it generated cash totalling €387m.

NAMA reports pre-tax profit of €69m

The National Asset Management Agency (NAMA) has reported a pre-tax profit for the first nine months of last year of €69m.

Business • 08 Feb 23

Staff also reported a "spirit of camaraderie" and that colleagues were willing to help each and collaborate on ideas

Survey reveals attitudes of NAMA staff to workplace

Over a quarter of staff at bad bank NAMA said they found it hard to get their job done because of excessive rules and bureaucracy.

Business • 15 Dec 22

Mr Quinlan ran into financial difficulties after the 2009 financial crisis

Financier Derek Quinlan files for bankruptcy in London

The Irish financier and former Claridges owner Derek Quinlan has filed for bankruptcy in England.

Business • 23 Nov 22

Builder and property developer Gerry Gannon pictured in 2006 (Pic: RollingNews.ie)

Pre-tax profits jump to €2.3m at Gannon Homes

Pre-tax profits at the building firm owned by developer Gerry Gannon increased more than five fold to €2.36m last year.

Business • 15 Nov 22

It generated €279 million in cash in the six-month period.

NAMA reports profit after tax of €56m for H1 2022

The National Asset Management Agency (NAMA) has recorded a profit after tax of €56m for the first half of 2022.

Business • 26 Oct 22

NAMA said its valuable expertise and experience could be utilised to address aspects of the housing problem

NAMA asked for ongoing role in solving housing crisis

NAMA asked if it could be used to help with the housing crisis to avoid losing the "valuable expertise and experience" it had built up during its years of operation.

Business • 09 Oct 22

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

NAMA reports €33m profit after tax for first quarter

The National Asset Management Agency (NAMA) has reported profit after tax of €33m for the first quarter of the year.

Business • 28 Jul 22

The EXO will be Ireland's tallest office building

An Post to lease five floors for HQ in new EXO building

An Post has signed a lease that will see it take five floors of The EXO building in Dublin's north docklands.

Business • 17 Mar 22

Brendan McDonagh described claims that NAMA could help deliver up to 20,000 homes by releasing sites immediately as a 'misconception'

NAMA chief rejects housing shortage claims

The chief executive of the National Asset Management Agency has rejected assertions that the agency is contributing to the housing shortage by not releasing sites that have the potential to deliver thousands of homes.

Business • 20 Dec 21

NAMA said it plans to make payments of €1 billion to the Exchequer during this year

NAMA completes another transfer of €300m to Exchequer

The National Asset Management Agency said it has today completed a €300m transfer to the Exchequer.

Business • 25 Jun 21

Zero bonuses have paid out in respect of 2020 to staff at the two agencies, the 2020 annual report for the NTMA shows

NTMA and NAMA halt staff bonuses for 2020

The National Treasury Management Agency (NTMA) and the National Asset Management Agency (NAMA) last year paid out no bonus payments to staff after years of generous bonus payouts.

Business • 23 Jun 21

NAMA said it recorded an after-tax profit of €192m last year - its tenth consecutive year in which a surplus was achieved

NAMA raises projected lifetime surplus to €4.25 billion

The National Asset Management Agency (NAMA) now expects to provide an overall surplus to the Exchequer over its lifetime of €4.25 billion, up from the previous estimate of €4 billion.

Business • 10 Jun 21

The developers aim to begin construction at the 37.1 acre site at the start of next year

Agreement reached on development of Poolbeg site

Agreement has been reached between Ronan Group Real Estate, Oaktree Capital Management, Lioncor Developments and the National Asset Management Agency (NAMA) on the development of 3,800 homes on the Poolbeg peninsula in Dublin.

Business • 04 Jun 21

NAMA has today reported a profit in the three months from July to September of €40m

NAMA posts profits of €40m for third quarter of 2020

The National Asset Management Agency has updated reported a profit for the three months from July to September of €40m.

Business • 10 Feb 21

NAMA expects to report a full-year profit for 2020 for the tenth consecutive year

NAMA expects to transfer €1bn to Exchequer during 2021

NAMA generated €900 million cash in 2020, exceeding its target according to an end-of-year review published by the agency today.

Business • 04 Jan 21

3,800 new homes will be built at the site

Consortium announced for Glass Bottle site development

A consortium consisting of developer Johnny Ronan's Ronan Group Real Estate as well as investment fund Oaktree Capital Management and its affiliate Lioncor Developments Ltd have won the contract to develop the former Glass Bottle site in Dublin 4.

Business • 22 Dec 20

NAMA records €9m loss for first six months of 2020

The National Asset Management Agency (NAMA) recorded a loss of €9m for the first six months of this year, according to its latest quarterly report.

Business • 13 Nov 20

33 people left the NTMA last year under a voluntary redundancy scheme

C&AG: NTMA paid bonuses of €2m to 200 employees in 2019

Performance-related pay awards of €2.05m were made to 200 employees of the National Treasury Management Agency (NTMA) last year, a report by the Comptroller and Auditor General has found.

Business • 30 Sep 20

NAMA said there is a lack of visibility on the full extent of market disruption due to Covid-19

NAMA posts loss of €49m for first quarter of 2020

The National Asset Management Agency has reported a loss of €49m for the first quarter of the year.

Business • 22 Jul 20

NAMA, or the country's "bad bank", was set in 2009 during the property crash here

NAMA reverts to state ownership after final payment

The National Asset Management Agency said today it had reverted to full state ownership following the final payment to a creditor.

Business • 26 May 20

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