News

• NAMA repays €250m of bonds and recovers acquisition price and working capital through sale of Montevetro building

  17 February 2011 – NAMA announces three significant developments as it approaches the first anniversary of achieving EU approval.

• Statement by NAMA Chairman in relation to Supreme Court decision

  3 February 2011 – NAMA Chairman Frank Daly comments on the decision of the Supreme Court in respect of the case taken against the Agency by the developer Paddy McKillen and his various companies.

• NAMA Chairman provides update on 2010 progress

  20 December 2010 – NAMA Chairman Frank Daly, in an interview with Primetime Investigates, provides an update on the progress made by the Agency during 2010.

• NAMA responds to Construction Industry Federation report

  30 November 2010 – NAMA rejects the flawed and one-sided analysis of the Agency published by the Construction Industry Federation.

• NAMA welcomes EU approval of valuations in Tranche 2 loan transfers

  30 November 2010 – NAMA Chairman Frank Daly welcomes the confirmation from the European Commission that it has approved the valuations made by the Agency in respect of Tranche 2 loans.

• NAMA publishes second quarter report and accounts & Annual Statement

  2 November 2010 – NAMA publishes its Report and Accounts for the second quarter of 2010. The Agency has also published its Annual Statement setting out its priorities for 2011.

• Chair of NAMA’s Northern Ireland Committee speaks at Belfast Conference

  29 September 2010 – NAMA expects that the nominal value of loans to be acquired which are secured on Northern Ireland assets amounts to approximately STG£3.35 billion, NAMA Board member Peter Stewart tells a conference in Belfast.

• NAMA establishes €2.5bn Euro-Commercial Paper programme

  2 September 2010 – NAMA announces the establishment of a €2.5 billion Euro-Commercial Paper Programme.

• NAMA completes transfer of second tranche of loans from Anglo Irish

  23 August 2010 – NAMA announces that it has completed the transfer of the second tranche of loans from Anglo Irish Bank, concluding the second tranche of transfers from all five institutions at a weighted average discount of 55.6%.

• NAMA completes second tranche of loan transfers from AIB, BoI, INBS and EBS

  19 July 2010 – The National Asset Management Agency (NAMA) has completed the transfer of the second tranche of loans from Allied Irish Banks, Bank of Ireland, Irish Nationwide Building Society and EBS.