Developers set to retain €15.5m in salaries

Finance Minister Michael Noonan has confirmed Nama will allow developers retain €15.5m in salaries this year.

He confirmed three of the 168 developers will retain €200,000 each in salaries from cash-producing assets in 2012.

In written Dáil responses to questions from Arthur Spring TD (Lab), Mr Noonan stated that a further 25 will retain salaries of between €150,000 and €190,000.