Nama sticks to Government plan to close its doors by 2020

Nama is sticking to the Government’s plan to have ended most of its operations by 2018, and to shut its doors by 2020.

Chief executive Brendan McDonagh, chairman Frank Daly, and Michael Noonan, the finance minister, said there would be no slowdown in the pace of asset sales, nor any slippage in the schedule by which the agency plans to have paid down all its senior and junior debt over the next five years.

There could be no guarantee that the strong international interest in Irish property sales would last.