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Bonus pay to NTMA staff up 13% to €3.22m for 2024

Bonus pay to staff at the National Treasury Management Agency (NTMA) and connected entities for last year increased by 13% to €3.22m.

Business • 15 Jul

NAMA transfers €356m social housing portfolio to LDA

The National Asset Management Agency said it has completed the transfer of its social housing vehicle, National Asset Residential Property Services DAC (NARPS), and its portfolio of 1,366 homes to the Land Development Agency.

Business • 02 Jul

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

NAMA is to be wound down by the end of next year

NAMA makes profit of €22m in first quarter

The board of the National Asset Management Agency (NAMA) has revised upwards its projected lifetime surplus to €4.8bn from the previous estimate of €4.5bn.

Business • 26 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

The National Asset Management Agency (NAMA) was set up in 2009 to clean the property crash related debts from the balance sheets of the main Irish banks.

NAMA on track to complete wind-down by 2025

Finance Minister Michael McGrath has today confirmed that NAMA will complete its wind-down by the end of 2025 while the Special Liquidation of Irish Bank Resolution Corporation (IBRC) is on track to "substantially" conclude by the end of this year.

Business • 06 Mar 24

NAMA generated €170 million during the period.

NAMA reports profit of €35m in nine months to September

The National Asset Management Agency has reported a profit of €35 million for the nine months from January to September 2023.

Business • 24 Jan 24

NAMA CEO Brendan McDonagh said the agency generated €319m cash last year

NAMA on course to report a profit for 2023

The National Asset Management Agency said today that it will report a profit for 2023 - its 13th consecutive year of profitability.

Business • 04 Jan 24

Today's transfer brings the total cash paid to the Exchequer from NAMA's surplus to €3.85 billion

NAMA transfers another €350m to Exchequer

The National Asset Management Agency has today completed a €350m cash transfer to the Exchequer as it approaches its orderly wind down.

Business • 21 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 expects its lifetime contribution to the exchequer to ultimately reach €5 billion

NAMA records profit of €7m in first quarter

The National Asset Management Agency (NAMA) has reported a pre-tax profit of €7m for the first three months of the year.

Business • 28 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

Mr Corrigan retired from the NTMA in 2015

Former CEO of the NTMA John Corrigan dies

The former boss of the National Treasury Management Agency (NTMA), John Corrigan, has died.

Business • 31 Mar 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

Since its inception,NAMA has generated €47.4 billion from its operations

NAMA set to report 12th year of profits in a row

The National Asset Management Agency said today it expects to report a full-year profit for 2022 - its 12th consecutive year of profitability.

Business • 05 Jan 23

Brendan McDonagh, the CEO of the National Asset Management Agency

NAMA transfers another €250m to Exchequer

The National Asset Management Agency has today transferred another €250m from its surplus to the Exchequer.

Business • 20 Dec 22

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

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 C&AG said the most significant costs to the State at the end of 2021 were for IBRC, which had a net estimated cost of €37.3 billion

Measures to stabilise banks to hit €45.7 billion - C&AG

The Comptroller and Auditor General has estimated that the cost to the State of measures taken to stabilise the banking system after the financial crisis in 2008 was €45.7 billion, a bigger figure than it had earlier anticipated.

Business • 30 Sep 22