NAMA expects to return €4.25bn in cash to taxpayers

State agency generated €670m from its property portfolio last year

A further €1bn was transferred to the Exchequer last year.

State agency NAMA generated €670m in cash last year while funding the delivery of 23,155 new homes in Ireland, according to its 2021 progress report.

The National Asset Management Agency said it expects to report a full-year profit for 2021 – its 11th consecutive year of profitability.