NAMA advances €506 million in capital

The National Asset Management Agency (NAMA) has approved the injection of €506 million into the Irish economy through working and development capital advances to debtors, the agency’s chief executive said today.

14th March, 2012
NAMA advances €506 million in capital
NAMA's Brendan McDonagh.

The National Asset Management Agency (NAMA) has approved the injection of €506 million into the Irish economy through working and development capital advances to debtors, the agency’s chief executive said today.

Speaking to the Oireachtas Joint Committee on Finance, Public Expenditure and Reform, Brendan McDonagh said the advances represented a significant injection of capital into the construction sector and wider economy.

“We anticipate that there will be significant opportunity in the coming years...

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