Finance officials wedded to end2025 Nama windup even as law delayed
News Source : The Irish Times
News Summary
- Nama was set up in 2009 to take over toxic commercial property loans from the country’s banks
- Its portfolio has fallen from a peak of €32 billion to €150 million
- Nama generated €600 million of cash last year
- It aims to deliver about 171 homes on Nama-funded sites by 2025
Officials at the Department of Finance remain wedded to winding up the National Asset Management Agency (Nama) by the end of the year, even as enabling legislation was stalled by the general election [+3850 chars]
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