NAMA refuses to fire-sale its properties

NAMA has said it will not be lured into giving away its properties at fire-sale prices after it confirmed it has off-loaded €6.2 billion worth of assets since March 2010.

Chief executive Brendan McDonagh told investors in London that €4.3bn worth of assets had been sold in 2011.

This has left it on course to make an operating profit of €600 million this year.