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Dublin: 12 °C Friday 24 May, 2013
NAMA

NAMA

National Assets Managment Agency. A "bad bank" created by the government in 2009. It will take over property development loans from banks in return for government bonds.

# nama - Today’s News

Irish Architectural Archive appeal for funds, they even asked NAMA

The organisation holds over 2.5 million architectural drawings and 500,000 photographs of Irish buildings.

# nama - Yesterday’s News

The 5 at 5: Thursday

5 stories, 5 minutes, 5 o’clock.

NTMA and NAMA staff will lose exemption from new public pay cuts

Some staff at the NTMA refused to take voluntary pay cuts – so now the agency will be liable to mandatory deductions.

# nama - Monday 13 May, 2013

From Business ETC NAMA

The NAMA advisors who work for free cost €23,000 last year

Hotels, travel and subsistence cost meant that the NAMA advisory group, which works pro-bono, cost thousands of euro last year.

# nama - Friday 10 May, 2013

From Business ETC Case Closed

No more consultations on salary waivers for NAMA/NTMA staff on over €200k

Finance Minister Michael Noonan said there will be no further discussions with three members of staff who refused to waive 15 per cent of their salaries.

# nama - Thursday 9 May, 2013

NTMA paid PR company €630,000 to “keep taxpayers in the dark”

NAMA and NTMA paid more than €630,000 to one media relations company since 2010

# nama - Wednesday 8 May, 2013

100 jobs created after Minister Reilly’s controversial care centre gets go-ahead

The location of the facility, in Minister for Health’s James Reilly’s constituency, was met with controversy last year.

# nama - Saturday 4 May, 2013

Bankrupt developer Sean Dunne reveals liabilities of €718 million

The bankruptcy filing also reveals that he has an average monthly income of €17,000 per month.

# nama - Friday 26 April, 2013

From Business ETC NTMA

Three NTMA staff earning over €200k won’t take pay cut this year

Finance Minister Michael Noonan had asked the 13 staff earning over €200,000 at the National Treasury Management Agency to continue voluntary pay cuts this year but some have refused.

# nama - Monday 22 April, 2013

Labour MEPs call on government to release information about IBRC liquidation

MEP Phil Prendergast said that “a blanket refusal policy would serve only to heighten distrust in government and in the ECB.”

# nama - Saturday 20 April, 2013

From Business ETC Ibrc

Union now tells IBRC staff to cooperate with NAMA over new roles

The Irish Bank Officials Association is now telling its members at IBRC to cooperate with NAMA if they are interested in roles there having previously said it was “imperative” that they did not cooperate.

# nama - Friday 19 April, 2013

The Evening Fix… now with added ways to test if your smile still works

Here are the things we learned, loved and shared today…

The 5 at 5: Friday

5 minutes, 5 stories, 5 o’clock…

From Business ETC NAMA

Receivers appointed to companies behind former Grand Canal Theatre and Point Village

NAMA has installed receivers from Grant Thornton accountants to run some companies controlled by businessman Harry Crosbie.

# nama - Monday 8 April, 2013

From Business ETC IMF

IMF: Bank losses and IBRC wind-down could cost taxpayer another €16bn

The IMF says NAMA may need to be compensated if it pays more than the market price for IBRC assets.

# nama - Saturday 6 April, 2013

From Business ETC Ibrc

Noonan insists IBRC staff can only get statutory redundancy

Staff at the former Anglo Irish Bank have seen previously agreed redundancy packages invalidated following the dramatic liquidation of the financial institution in February.

# nama - Friday 5 April, 2013

From Business ETC NAMA

New face on NAMA board

Oliver Ellingham was appointed to the board by the Minister for Finance this afternoon.

# nama - Thursday 4 April, 2013

Union warns of ‘further serious action’, tells IBRC staff not to cooperate with NAMA

The Irish Bank Officials Association has told IBRC workers not to cooperate with NAMA amid an ongoing dispute over redundancy terms for workers at the liquidated bank.

# nama - Saturday 9 March, 2013

Ballymun This post contains images

Dublin City Council body issues NAMA with ultimatum over shopping centre

Plans for regeneration of Ballymun Shopping Centre were announced in 1997 but the property has now been taken over by NAMA.

# nama - Tuesday 5 March, 2013

NAMA costs in environmental information court case total €71,350

The figure came from the Minister for Finance in an answer to a parliamentary question from Sinn Féin deputy Pearse Doherty.

# nama - Wednesday 27 February, 2013

NAMA loses High Court appeal over environmental information requests

The High Court finds that NAMA has a legal requirement to respond to requests for environmental data from the public.

# nama - Friday 22 February, 2013

From Business ETC Promissory Note

Noonan hints €1bn IBRC savings will go to repay debts

Michael Noonan thinks it would make more sense not to use the promissory note proceeds to ease the next Budget.

# nama - Thursday 21 February, 2013

From Business ETC NAMA

Nama to make significant investment in Dublin Docklands area

The Agency said the decision to invest in the area was in response to emerging demand in key markets, such as financial services sector.

# nama - Tuesday 12 February, 2013

From Business ETC IBRC Liquidation

Noonan: IBRC liquidation is ‘crude’ but staff in better position than most

The Finance Minister said that “insofar as we can” the interests of staff at the bank would be looked out as some 800 employees face uncertainty following the liquidation of the bank last week.

Column: Social housing in Ireland has reached ground zero

Despite demand being at an all-time high, funding for social housing has almost disappeared. If we commence building and utilise NAMA properties we can reduce waiting lists and stimulate the construction industry, writes Donal McManus.

# nama - Monday 11 February, 2013

From Business ETC Rents

Average national rent rose 2.2 per cent during 2012 – Daft.ie report

Rental rates in Dublin, Cork and Galway saw a second consecutive year of growth as a result of a shortage of accommodation in Ireland’s largest cities, the report reveals.

# nama - Thursday 7 February, 2013

Explainer: What happened last night? Why was IBRC liquidated? What happens now?

Why on earth were the Dáil and Seanad sitting until the small hours of this morning? This might help…

President signs legislation to liquidate IBRC into law

The President returned from his official visit to Rome yesterday to sign the emergency legislation.

TDs vote to liquidate IBRC in dramatic late-night Dáil sitting

TDs voted by 113 votes to 35 to wind down the former Anglo, laying off its employees with immediate effect.

Prom Night This post contains videos

LIVE: Seanad debates legislation to liquidate IBRC

Watch live from the Seanad Chamber as members deliberate on whether to immediately wind down the former Anglo.

Here’s how every TD voted on the Bill to liquidate IBRC

Here’s the total voting chart for how the Dáil divided on its final decision to liquidate the former Anglo Irish Bank.

As it happened: Dáil approves Bill to liquidate IBRC

Catch up with text commentary from the Dáil as TDs voted to wind up the former Anglo.

# nama - Wednesday 6 February, 2013

Your Say This post contains a poll

Poll: Do you support swapping the promissory note for long-term bonds?

The government wants to issue long-term bonds to get rid of the IBRC promissory notes. What do you think?

President Higgins returning to Ireland to consider IBRC legislation

Michael D Higgins has interrupted a trip to Italy to make himself available if the Oireachtas passes an IBRC bill tonight.

From Business ETC Ibrc

Chief Whip says leaking of elements of IBRC plan is ‘unfortunate’

Paul Kehoe: “The Minister for Finance has taken action to secure the stability of IBRC in the face of these leaks.”

Promissory Note

Dáil to sit at 10:30pm to debate emergency legislation on liquidating IBRC

TDs will reconvene after 10pm tonight to discuss plans to transfer IBRC’s assets to NAMA – as part of a deal to replace the promissory notes with long-term Government bonds.

Media representatives call for Freedom of Information fees to be dropped

Journalists speaking before the Finance Committee today also said the whole administrative system needs reform.

# nama - Saturday 5 January, 2013

Treasury holding company for Battersea purchase set to be wound up

A creditors’ meeting has been called for January 14, looking to wind up the company which bought the iconic London plant.

# nama - Thursday 3 January, 2013

From Business ETC NAMA

NAMA ends 2012 with €3.6 billion in the bank

The agency’s end-of-year report paints a positive picture after repaying €4.75 billion in debts last year.

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