NAMA to repay final portion of Government backed senior debt

The National Assets Management Agency is paying off all the debt, which had been guaranteed by the taxpayer, three years ahead of schedule.

Minister for Finance Paschal Donohoe TD welcomed the announcement.

"In particular, I want to thank the NAMA chairman, Frank Daly, and chief executive, Brendan McDonagh, for their guidance which has been instrumental in reaching this point".

"Nama's performance has always, to some degree, been linked to Ireland's recovery". The fact that Nama is now forecasting a surplus of €3bn, which will accrue to the State over the coming years, is a testament to the strength of our economy and the journey we have made.

"Since inception, the NAMA board, mindful of the wider impact on the financial standing of Ireland, has unwaveringly focused on eliminating this senior debt".

Читайте также: Revenue Estimates Analysis CVS Health Corporation (CVS)

As a result it remains on target to close its doors in 2020.

It has courted controversy along the way, too. Northern Ireland police previous year opened a criminal inquiry into the 1.32 billion-pound sale of NAMA's Northern Ireland loan book to Cerberus in 2014.

NAMA and Cerberus have said they did nothing wrong.

"While one job is done, we will continue to progress (these) programmes", Daly said.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2017 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Últimas notícias