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Competition Commissioner Margrethe Vestager said that NAMA did not breach EU rules

EU clears NAMA in state aid investigation

The European Commission has cleared the National Asset Management Agency in an investigation into whether it benefited from illegal state and had given unfair advantages to certain property developers.

Business • 25 Jan 18

NAMA has delivered almost 2,500 social housing units in the past six years

NAMA cuts exposure to ghost estates from 335 to just 8

The National Asset Management Agency said it has reduced its exposure to unfinished housing estates from a peak of 335 in 2010 to just eight at the end of 2017.

Business • 04 Jan 18

Currently developers can borrow between 60% and 75% of the price of the construction of housing estates or apartment blocks from AIB and Bank of Ireland

NAMA house-building spin-off to charge 8% interest rate

The new National Asset Management Agency spin-off that will fund house builders is expected to charge developers an interest rate of 8%.

Business • 12 Oct 17

National Asset Management Agency sold the loan portfolio to a US investment fund in 2014

Eight people under investigation over NAMA NI sale

The agency leading the inquiry into the £1.2 billion sale of NAMA's Northern Ireland property portfolio says eight people are now under criminal investigation in connection with the sale.

Ireland • 27 Sep 17

NAMA could be repurposed into a housing development agency, suggests the Taoiseach

NAMA may be repurposed to drive housing supply

The Government is considering repurposing NAMA into a development agency that could deliver housing on behalf of the state and help ease a major supply problem, Taoiseach Leo Varadkar said today.

Politics • 14 Sep 17

The agency has now generated €39.4 billion since its inception

NAMA makes €37m profit between January and March

The National Asset Management Agency made a profit for €37m between January and March of this year, which was €22m lower when compared with the same period in 2016.

Business • 21 Jul 17

Frank Daly said NAMA is in the wind down phase of its operations

NAMA may have €3 billion surplus when wound down

NAMA chairman Frank Daly has said he expects the agency to be in a position to transfer a surplus of €3 billion to the exchequer when the agency completes its work.

Business • 13 Jul 17

Earlier this month NAMA raised the guidance for its lifetime surplus to €3 billion

NAMA could make €4 billion surplus - Investec

The National Asset Management Agency could make a lifetime surplus of €4 billion, according to Investec Bank.

Business • 28 Jun 17

NAMA sold Project Tolka at a 70% discount for €455m earlier this year

C&AG may investigate NAMA's Project Tolka sale

A controversial loan sale by NAMA may be investigated by the State's spending watchdog the Comptroller & Auditor General.

Business • 12 Jun 17

NAMA CEO Brendan McDonagh and Michael Noonan at the launch of today's annual report

NAMA criticises hoarding of land amid housing shortage

The National Asset Management Agency said today that it would post a lifetime surplus of €3 billion, up from its earlier estimate of €2.3 billion.

Business • 01 Jun 17

The terms of reference provide for an investigation into Project Eagle, but could be amended to provide for further modules at a later stage

Terms of reference agreed for Project Eagle inquiry

The Taoiseach has told the Dáil that the Cabinet has approved the terms of reference for an inquiry into the sale of the NAMA Project Eagle loan portfolio.

Business • 09 May 17

NAMA's senior debt now stands at €500m, which is less than 2% of its original level

NAMA has repaid over 98% of its senior debt

In its second redemption of 2017, the National Asset Management Agency has redeemed €952m in senior debt.

Business • 05 Apr 17

Minister Noonan told the Dáil he was disappointed that PAC had 'conjured up other unjustified and unfounded criticisms of me and my officials and that these criticisms were leaked to the press'

Heated Dáil exchanges over PAC's Project Eagle report

Public Accounts Committee Chairman Seán Fleming has accused the Minister for Finance of threatening to injunct the committee over its critical report of NAMA's sale of its Northern Ireland loan portfolio, Project Eagle.

Business • 30 Mar 17

Finance Minister Michael Noonan has said that before 2014, NAMA did not keep a record of its private sales

NAMA has sold €800m worth of loans in private deals

The National Asset Management Agency has sold almost €800m of loans in private deals, or off market transactions, instead of selling them in the open market since January 2014.

Business • 22 Mar 17

Construction is due to commence immediately and be completed this year

Cairn-NAMA joint venture to build 71 Dublin homes

Homebuilding company Cairn Homes has announced a joint venture with the National Asset Management Agency to build 71 residential units in North Dublin.

Business • 22 Feb 17

NAMA said as a result of the changes it had made a preliminary payment of €158m to Revenue last November

NAMA pays €158m in tax after loophole is closed

The National Asset Management Agency has made a preliminary tax payment of €158m due on profits made by the agency from sales of property held through controversial Section 110 companies.

Business • 02 Feb 17

The portfolio comprises loans linked to developers and investors Paddy Kelly, John Flynn, and the McCormack family, who owned property investment group Alanis.

NAMA sells €1.5bn portfolio for €450m

The National Asset Management Agency (NAMA) has sold a portfolio of loans, that were originally valued at €1.5 billion, for €450m to US investment firm Colony Capital.

Business • 31 Jan 17

The agency had initially set 2020 as a target to have all of its senior debt repaid, but subsequently brought that date forward by two years, before shortening the timeline further today

NAMA on target to clear senior debt by end of 2017

The National Asset Management Agency has said it is on target to clear all its remaining senior debt by the end of 2017, a year ahead of schedule.

Business • 05 Jan 17

This is NAMA's fourth redemption of senior debt this year, bringing the total redeemed in 2016 to €5.5 billion

NAMA debt falls below 9% of original amount issued

The National Asset Management Agency has redeemed a further €1 billion of senior bonds, cutting its outstanding debt to less than 9% of the total it originally issued during the financial crisis.

Business • 14 Dec 16

Frank Daly told members this was NAMA's eighth appearance before the committee, and the fifth appearance by the CEO and Chair

NAMA insists discussions were properly recorded

The Chair of the National Asset Management Agency has insisted that all discussions in relation to the sale of the agency's Northern Ireland loan portfolio were properly recorded at meetings of the board.

Business • 14 Dec 16

The US private equity firm will enter exclusive talks to buy the portfolio known as Project Gem, which will likely sell at a substantial discount to its par value

Cerberus is preferred bidder for Project Gem

Cerberus has been chosen by the National Asset Management Agency as the preferred bidder for a portfolio of property loans with a face value of about €3 billion, according to Bloomberg.

Business • 08 Dec 16

NAMA had a profit after tax of €647m in the first half of the year

NAMA has redeemed 88% of its senior bonds

The National Asset Management Agency says it had redeemed 88% of its senior bonds by the end of September.

Business • 02 Nov 16

Mick Wallace said he was informed by a managing director of Fortress that NAMA did not permit the firm to increase its bid for the Project Eagle portfolio

NAMA publishes letter rejecting Wallace claim

The National Asset Management Agency has published a letter which it claims disproves a statement made by Independents4Change TD Mick Wallace in relation to the bidding process for the agency’s Project Eagle loan portfolio.

Business • 17 Sep 16

NAMA has been detailing its plans for Dublin's Docklands and a number of residential developments

NAMA anticipates €2bn surplus once work completed

The National Asset Management Agency is confident of generating a €2 billion surplus by the time it completes its work, according to management at the organisation.

News • 16 Dec 15

Project Arrow includes loans tied to thousands of properties across the country

Goldman, CarVal and Cerberus bid for NAMA loans

A joint bid from Goldman Sachs and CarVal Investors, as well as an approach by Cerberus Capital Management, are understood to have made the shortlist for one of the largest loan portfolios ever put up for sale by NAMA.

Business • 25 Aug 15