Nama reports profit surge

Nama reports profit surge

Nama has seen a surge in profits in the first half of the year.

The agency released an update on its finances late last night, ahead of today's appearance at an Oireachtas Committee by its chairman and chief executive.

The increase in profits is being put down to its falling loan impairment charge, which now stands at €57m.

The CEO and Chairman of Nama will face questions from members of the Finance Committee later today.

Brendan McDonagh and Frank Daly appear before the committee to update members on the agency's progress in recent months.

It will also give the committee an opportunity to evaluate how NAMA manages its operations.


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