Nama gains €132m on sales

Nama raised €2.7bn from divestments through to the end of September last year, Finance Minister Michael Noonan said.

Nama booked a gain of €132m on the sales to the end of the third quarter of 2011, reflecting profit on the disposal of loans and excess cash recovered on the sale of collateral.

Mr Noonan was responding to a parliamentary question from Sinn Féin finance spokesman Pearse Doherty.