Nama makes €317m in Q3 of 2011

Nama made a profit of €317m in the third quarter of last year, according to its figures.

Combined profits at the Government’s ‘bad assets bank’, for the first nine months of 2011, amounted to €526m, with the agency’s total cash balances coming to €1.9bn as of the end of September.

Although Nama is not set to issue its full annual report for 2011 until the summer, the agency said it had a “very strong” final quarter of last year and ended the year with €3.8bn of liquidity.