Our Work

The National Asset Management Agency is a complex undertaking which has acquired an exceptionally large loans portfolio.

Unlike most businesses which aim to expand over time, NAMA begins life with a very large balance sheet and aims to shrink it over time. It must do so while obtaining the best achievable return for the State on the assets it has acquired.

The Agency's work can be described in three broad phases. The first involved the acquisition of 11,500 land and development and associated loans from the five financial institutions. This was followed by intensive engagement with the debtors whose loans have been acquired in order to gain a detailed understanding of their businesses and to begin formulating a strategy for debt repayment. The final and longest phase involves working towards a series of debt reduction milestones culminating in full repayment of both debtor and NAMA borrowings by 2020. This final phase also includes objectives regarding the delivery of new housing units and facilitating the development of new commercial and residential space in the Dublin Docklands.