Nama posts €53m in profit for first half of the year

Since 2014, the Nama has been involved in the development of residential housing and in that time has helped deliver 39,377 new homes, of which 14,336 were directly funded by Nama

NAMA is due to be wound down at the end of next year. 

The National Asset Management Agency (Nama) reported a profit of €53m during the first half of this year on the back of generating €115m in cash, latest figures from the agency show.

In the three months between April and June alone, the agency generated €76m in cash. An additional €93m in cash was taken in between July 1 and September 27, bringing the cumulative amount generated since Nama’s inception to €47.9bn.