Report finds Nama generated 'reasonable return' for State as agency nears end

Chief executive of Nama Brendan McDonagh said the research shows that the agency was a “workable and effective resolution to the problems created by the poor banking lending practices of the Celtic Tiger era.”

The National Asset Management Agency (Nama) was “broadly successful” in how it managed selling of assets acquired following the financial crisis providing a “reasonable return” to the State over the 15 years it was in operation, a new report has found.

Established at the end of 2009, Nama is due to be wound down at the end of this year with its remaining responsibilities being transferred to other agencies. The board of Nama is projecting the agency’s lifetime contribution to the Exchequer will be €5.5bn, which includes its lifetime surplus of €5.05bn and corporation tax payments of about €450m.