Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Sunday 26 March 2023 Dublin: 7°C

# Brendan McDonagh

All time
# Hundreds of millions
'Nothing illegal, nothing improper, no irregularities': Noonan defends Nama over Project Eagle
There are growing calls for a public inquiry in the controversial 2014 sale, to US investment company Cerberus Capital Management.
# Housing Crisis
Councils turned down around 4,000 social housing units offered by Nama
The news emerged as Nama’s chief executive appeared before the Public Account’s Committee
# legacy
Longboat Quay residents will still have to find '€2 million' for repairs after final offer of help
The Authority said it would contribute some of the costs.
# Sitting around
Why was this man left outside the room on the night of the guarantee?
Brendan McDonagh spent four hours at government buildings on the night of 29 September 2008.
# No way
'I think it's an appalling idea': Joan Burton won't be happy if NAMA pays bonuses to developers
“I find it totally inappropriate.”
# Bad Bank
'It saddens me to be part of a parliament that brings about this grief' - Nama told
But the bad bank’s boss came out swinging against claims it was being a bully.
# payroll
Nama pays developers €11 million every year in wages
The state’s bad bank has revealed a list of its wage categories for 134 developers.
# sky's the limit
NAMA promises "the sight of cranes returning to Dublin’s Docklands"
The state’s bad bank generated €4.5 billion last year.
# Under the bonnet
Here's the most complete breakdown of NAMA loans you'll see today
NAMA says that the lending “seems to have been carried out in haste” with poor security and documentation.
# home buyers
NAMA drops 80:20 home buyer scheme citing improving market conditions
Under the 80:20 deferred payment initiative, buyers pay 80 per cent of the value up front with a valuation then carried out after five years.
NAMA fights back against claims of illegality
NAMA’s bosses told an Oireachtas committee this morning that although they have not been presented with the specific allegations, they are “satisfied that they are unfounded”.
NAMA expects to hire up to 220 staff to deal with loans from IBRC's liquidation
CEO Brendan McDonagh told the Oireachtas public accounts committee that taking on loans from IBRC represents “a major challenge for NAMA”.
# bennett group
Land at South Docks to be developed for 'world-class' office facilities
Investors say the decision reflects continued confidence in Ireland as a business-friendly environment
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.
# need to know
The Evening Fix: Now with added Gangnam, United Nations style
Here are the things we loved, learned and shared today.
NAMA CEO expresses "anger and disappointment" in former employee
Chairman of the agency Frank Daly said the former employee removed data from NAMA including loans acquired by the agency.
# Bad Bank Turned Good
NAMA reports profit of €247 million after tax
The profit comes after the agency took a €1.27 billion hit to cover bad loans.
NAMA to recruit Chief Financial Officer as part of reorganisation
The agency is setting up three new divisions as part of a reorganisation partly recommended by the former CEO of HSBC last year.
# BaNAMA Republic
NAMA is paying €200,000 salaries to two indebted developers
Two of the ‘major’ developers who owe millions to the bad bank are being paid €200k salaries – and all can be paid commission.
# BaNAMA Republic
NAMA confirms pursuit of major developers' pensions
The State’s ‘bad bank’ says it wants to get its hands on the pension pots of indebted developers – some of them worth millions.
Nama will take action over transfer of assets to spouses
The agency will legally pursue borrowers who attempt to place assets beyond Nama’s reach, said CEO Brendan McDonagh.
# BaNAMA Republic
NAMA chairman defends paying six-figure salaries to developers
Frank Daly tells an Oireachtas committee that hiring a developer on a big salary is often cheaper than appointing a receiver.
NAMA posts €305m operating profit for 2010 - but loses €1.18bn overall
The bad bank’s annual report gives some insight into how the country’s indebted developers are performing.
# Public Pay
Senior NTMA and NAMA staff waived €850k bonuses for 2010
While some staff at the National Treasury Management Agency received bonuses, three major CEOs declined theirs.
# BaNAMA Republic
NAMA says it will move quickly against unpaid loans
But insists its business plan is on track.