Nama remain silent on staff bonuses

Nama has refused to confirm if it is paying bonuses in a bid to retain key employees, despite identifying staff retention as the single most important factor in determining whether it achieves its targets.

Senior executives of the State’s bad bank brought the topic to the fore earlier this year, with chairman Frank Daly flagging the possibility of topping up salaries with “performance bonuses” in order to prevent key staff from leaving.

His comments were echoed by Nama CEO Brendan McDonagh who referred to the agency’s ability to manage its staffing requirements as the single most important factor in ensuring it achieves its objectives.