Thursday August 6, 2020

Nama boss predicts 2011 operating profit

UPDATE: National Asset Management Agency chief executive Brendan McDonagh said the agency would turn a profit this year

26th October, 2011

National Asset Management Agency chief executive Brendan McDonagh said the agency should post an operating profit of €600 million this year.

He also said a “certain element of dumping is going on” in the Irish property market.

“We’re looking very closely on what banks are trying to deleverage in the Irish market,” he said at an Oireachtas committee hearing today.

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