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A day of reckoning came when NAMA bought loans from AIB, Bank of Ireland, EBS, Irish Nationwide and Anglo Irish Bank

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

New figures show that of the 81 staff employed at NAMA last year, 60 earned over €100,000.

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 was established in 2009 to handle property loans of Irish banks which were facing collapse during the financial crisis

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

NAMA is due to be shut down at the end of next year

NAMA sought resolution unit as part of wind down

The State's bad bank asked the Government to set up a 'NAMA resolution unit' because there was no way they could finalise all legal cases, insolvency, and property disposals before their official wind-up at the end of 2025.

Business • 08 Apr 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

Conservative MP for Ipswich Tom Hunt urged British Prime Minister Rishi Sunak to raise the 'immoral case' with Taoiseach Leo Varadkar

British MP accuses NAMA of 'running away' with £15m

The National Assets Management Agency has been accused by a British MP of "running away" with £15m earmarked to help British residents affected by a tower block that has fire safety and structural issues.

UK • 17 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 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

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