NAMA profitable, but will be wound up in 2020 - Noonan

The Minister for Finance, Michael Noonan, said NAMA will be wound up as planned in 2020.

Minister Noonan also said the organisation is performing well and is currently profitable.

He said that while he's fully supportive of the agency that's dealing with the bad loans, it will disappear.

"I really don't want to give a figure at this stage, but NAMA will come to and end, and there's no change to the objective," Noonan said.

"We're looking at options there, but it's a long way down the line."