Nama, Ireland's "bad bank", pursues hidden assets, targets 2025 wind-down with €5.2bn repayment to State.
The National Asset Management Agency (Nama), Ireland's "bad bank", is still pursuing debtors it believes are hiding assets, and is on track to wind down by the end of 2025. Nama expects to pay back €5.2bn to the State by the time it is wound up. The agency posted a €68m profit last year, its 13th consecutive year of profitability, and has increased its projected lifetime contribution to the Exchequer by €300m to €5.2bn.
June 19, 2024
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