Nama pays out ‘bonanza’ of €55m to receivers

The property crash has resulted in a €55m bonanza for a number of accountancy firms overseeing Nama receiverships.

Figures provided by the Minister for Finance, Michael Noonan show one firm, Grant Thornton has received €10.1m in fees from Nama as a result of its receivership work.

The firm has been the big winner in the payout from Nama’s receivership work after securing 35 appointments. Out of a total of 210 receivership appointments, 10 firms have received €55.2m from the agency since its inception.