Monday October 26, 2020

Is Nama wandering from its original remit?

The Department of Finance would be well advised to take a closer look at the powers that the National Asset Management Agency has, and uses, writes Stephen Dodd.

4th November, 2012
Brendan McDonagh and Frank Daly, chief executive and chairman, Nama. Photo: Tony O'Shea

The National Asset Management Agency (Nama), in its annual statement, announced that it has completed its establishment phase - the acquisition of loans and assessment of debtors' viability - and was now focused on asset management, the management of debtors and maximising proceeds from its portfolio.

It set out five 'key objectives' to guide its strategy and policies:

1. To redeem, at minimum, the senior bonds issued as consideration for loans, in addition to recovering...

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