Nama pays fees of nearly €60m to receivership firms

The fallout from the property crash has proven to be a massive bonanza for firms engaged in receivership work concerning loans transferred to the National Asset Management Agency (Nama).

This follows Finance Minister Michael Noonan confirming that Nama has paid fees totalling €59.5m concerning 258 separate receiver appointments in Ireland.

The fees work out at on average €230,620 per receiver appointment for the lucrative work.