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NAMA: The developers, the banks and the fallout

This weekend Ireland's bad bank closes its doors for the final time. Amid huge controversy and public protests, the National Assets Management Agency, was born in late 2009 at the height of the financial collapse, writes David Murphy.

Analysis and Comment • 14 hrs

NAMA to shut down 16 years after financial collapse

The National Asset Management Agency (NAMA) will be dissolved at midnight tonight, 16 years after it was set up to take over the property loans of the Irish banks.

Business • 31 Jul

NAMA publishes final annual report, posts 2025 profits

The National Asset Management Agency has reported an after-tax profit of €78m for 2025 - its 15th consecutive year of profitability - and down from a profit of €197m in 2024.

Business • 20 May

NAMA's lifetime contribution to State up €100m to €5.6bn

The National Asset Management Agency has announced its final surplus transfer of €450m to the State and said its overall lifetime contribution had increased by €100m more than projected, to €5.6 billion.

Business • 17 Dec 25

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 25

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 25

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 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

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

Today's latest payment brings the total cash paid over by NAMA to €3.666 billion to date

NAMA transfers another €250m to Exchequer

The National Asset Management Agency has today completed another €250m cash transfer to the Exchequer.

Business • 28 Jun 22

NAMA transferred a total of €1 billion to the Exchequer during 2021 and has now paid a total of €3.4 billion cash to the State

NAMA eyes potential boost to forecast surplus

The National Asset Management Agency said it expects to potentially return more cash to the state than the €4.25 billion currently forecast by extracting additional value from its remaining portfolio.

Business • 06 Jan 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 CEO Brendan McDonagh said today's payment represents just one of a number of cash transfers NAMA continues to make from its lifetime surplus

NAMA makes 4th payment to Exchequer from surplus

The National Asset Management Agency has completed the latest transfer of €250m in funds to the Exchequer.

Business • 30 Sep 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

NAMA pays another €200m to Exchequer

The National Asset Management Agency said it completed a €200m transfer to the Exchequer today.

Business • 31 Mar 21

NAMA completes repayment of all outstanding debt

The National Asset Management Agency said today that it has repaid all of the outstanding debt issued by the agency to acquire loans during the financial crisis.

Business • 02 Mar 20

Richard Pym has been chairman of AIB since December 2014

AIB chairman Pym to retire in March

AIB chairman Richard Pym has announced that he will retire from the bank in March of next year.

Business • 25 Oct 19

NAMA raises forecast surplus to €4 billion

The National Asset Management Agency has today forecast that it would post a lifetime surplus of €4 billion, up from an earlier estimate of €3.5 billion.

Business • 30 May 19