Press Statement - NAMA completes transfer of €300m to Exchequer

  • €300m payment today represents third transfer from NAMA’s surplus and brings total transferred to Exchequer to €2.5bn
  • A further €500m will be transferred over the remainder of 2021, with additional transfers in subsequent years

Friday, 25th June 2021

The National Asset Management Agency (NAMA) has today completed a €300m transfer to the Exchequer. This is the third payment to the Exchequer from NAMA’s lifetime surplus with cash transfers totalling €2.2bn already completed. 

NAMA plans payments to the Exchequer totalling €1bn over the course of 2021. 

NAMA recently increased its lifetime surplus projection to €4.25bn and has made corporation tax payments to date totalling €400m. NAMA will make additional transfers from its surplus over the coming years. All surplus transfers are subject to market conditions. 

Brendan McDonagh, NAMA Chief Executive, said:  

“Today’s payment brings total transfers thus far in 2021 to €500m. These transfers are made possible by NAMA’s continued strong performance and profitability. Our projected lifetime contribution to the State, including tax paid, now stands at €4.65bn and we will continue to make valuable payments to the Exchequer over the coming months and years.”