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Nama says the last remaining ghost estates will be finished this year
In its annual review, Nama said it had a cash balance of €3.4 billion.
Your contributions will help us continue to deliver the stories that are important to you
In its annual review, Nama said it had a cash balance of €3.4 billion.
They’re ahead of schedule, but how much have they made?
National Asset Management Agency recently reported profits of €211m.
It consisted mostly of loans secured on assets in Northern Ireland.
The loan portfolio, codenamed Project Eagle, has been sold to New York based investment firm Cerberus.
It brings the total amount of these bonds redeemed to €1.75 billion.
The bad bank raised €5.8 billion of that figure in 2013.
Committee members have expressed concern about the possibility that the allegations that have been raised in recent days would not be dealt with in some way before Christmas and New Year.
Hearings are likely to take place with National Asset Management Agency and Department of Finance officials in the New Year.
Investors say the decision reflects continued confidence in Ireland as a business-friendly environment
The company published the reports for its third year in operation today.
Hotels, travel and subsistence cost meant that the NAMA advisory group, which works pro-bono, cost thousands of euro last 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.
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.
The High Court finds that NAMA has a legal requirement to respond to requests for environmental data from the public.
Why on earth were the Dáil and Seanad sitting until the small hours of this morning? This might help…
The President returned from his official visit to Rome yesterday to sign the emergency legislation.
The agency’s end-of-year report paints a positive picture after repaying €4.75 billion in debts last year.
The value of judgements against commercial debtros increased by 554 per cent to almost €293 million.
The Health Minister insisted that “no specific address was mentioned” in discussions with NAMA in April of this year regarding the controversial issue of locations for primary care centres.
The State’s ‘bad bank’ has announced the sale of 17 per cent of shares in its investment holding company to a UK firm.
The agency believes its staff levels will rise over the coming months.
The ‘bad bank’ is taking High Court action against a former employee who is alleged to have taken data without authorisation.
Some are even calling it ‘El Nama’…
Treasury Holdings lose a court challenge against NAMA’s appointment of receivers over several of its businesses.
The profit comes after the agency took a €1.27 billion hit to cover bad loans.
NAMA says it is “delighted” at the ruling, which ensures a “very substantial financial recovery” for the agency.
After Michael Noonan says NAMA occasionally lets developers off their guarantees, the agency says it only does so when it can expect a better payoff.
Peter Bacon, the man who invented NAMA, believes the time has come for the State to consider a privatisation.
NAMA says 32 of the 115 properties made available under its ’80:20′ scheme two weeks ago have been taken already.
The finance minister says Mike Aynsley’s texts, revealing the position of the board of IBRC, was “appropriate and necessary”.
NAMA’s pilot scheme will encourage first-time buyers to buy houses by protecting them from a 20pc fall in house prices.
While the plant – bought for €412 million at the height of the property boom – is not for sale yet, it might be soon…
Bloomberg says the Central Bank has agreed to pay €8m to buy the half-built Anglo Irish Bank HQ at North Wall Quay.
Reclusive developer Paddy McKillen accuses the Barclay brothers of acting illegally to win control of a luxury London hotel chain.
Frank Daly tells an Oireachtas committee that requiring full transparency would compromise NAMA’s commercial objectives.
Jan O’Sullivan says most NAMA properties are part of the security for loans, and can’t simply be seized by the State.
Frank Daly was speak to the Oireachtas Joint Committee on the Implementation of the Good Friday Agreement today.
The agency also said it hoped to offer a pilot mortgage initiative to homeowners, and insisted it would avoid engaging in “firesales”.
Department of Finance figures show that 48 of the 188 debtors under direct NAMA management had moved assets.