NAMA board set to forecast modest profit

THE board of the National Asset Management Agency (NAMA) is expected to forecast a modest profit of “several hundred million euro”, when it publishes the first official business plan for the toxic loan agency’s likely performance over the next decade in the coming days.

Although no formal date has been given, NAMA is expected to release its first business plan later this week, once it receives approval from Finance Minister Brian Lenihan.

In the organisation’s basic blueprint document, last October, the Government projected a €4.8 billion profit for the body. The pending business plan is expected to outline a number of scenarios that could make up its performance over the next ten years.