Nama in €367m of deals with developers

29th July, 2018

Nama has struck deals with 22 developers that have allowed them to benefit from debt restructuring, profit sharing arrangements and other incentives to the tune of €367 million.

The figure is contained in the Comptroller & Auditor General’s second progress report into the agency’s performance, published last week.

According to the report, the toxic loans agency struck 42 of the deals, called ‘debtor arrangements’ with 34 debtor connections. The agency offers the...

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