Receivers get €76.6m windfall in Nama fees

This year has proved to be another bonanza one for receivers to the National Assets Management Agency debtors with the firms picking up €18.27m to date in receivership fees.

According to figures provided by the Minister for Finance, Michael Noonan, Nama receivers have secured €76.6m in fees since Nama’s establishment in 2010.

In a written Dáil response to Fianna Fáil Finance spokesman Michael McGrath, Mr Noonan confirmed that Nama selected 68 firms from a panel after a public procurement process in respect of the 443 receiver appointments.