Details of the workings of Nama begin to emerge

Details of how Nama will operate and what sort of developers will be targeted are becoming clearer, writes Ian Kehoe

30th May, 2009

The €90 billion question

Just how is the proposed National Asset Management Agency (Nama) planning to take between €80 and €90 billion of ‘‘infected loans’’ off the balance sheets of the main Irish financial institutions, and restore them to good health?

Michael Somers did not have many answers. The chief executive of the National Treasury Management Agency (NTMA) , under whose aegis Nama will operate, told the Dáil Public Accounts committee...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago