Our Work Explained
Understanding NAMA's Work
NAMA was established in 2009, during the Irish banking crisis, in order to deal expeditiously with non-performing property loans acquired from Irish banks.
Property
NAMA does not typically own or sell properties, rather NAMA owns loans. Properties that secure NAMA’s loans are owned and managed by NAMA debtors or the appointed insolvency practitioners. NAMA does not manage the sales process.
NAMA’s loan portfolio is significantly deleveraged and the Agency has limited remaining interest in property assets.