Saturday October 24, 2020

Nama raised €2.7 billion from sales in third quarter

The National Asset Management Agency raised €2.7 billion from sales by the end of the third quarter of 2011, finance minister Michael Noonan said.

26th March, 2012
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Minister for Finance Michael Noonan.

The National Asset Management Agency raised €2.7 billion from sales by the end of the third quarter of 2011, finance minister Michael Noonan said.

“The proceeds from the sale of assets includes the sale of property collateral related to loans acquired by Nama and the sale of acquired loans to third parties,” Noonan said in written answers to a Dáil question.

“I am informed that a gain of €132 million has been...

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