NAMA set for €200 million profit for 2011

Finance minister Michael Noonan said the National Asset Management Agency would post a profit for 2011 of around €200 million, allowing for €810 million in impairment charges.

18th April, 2012
NAMA headquarters, Dublin.

Finance minister Michael Noonan said the National Asset Management Agency would post a profit for 2011 of around €200 million, allowing for €810 million in impairment charges.

Speaking in the Dail he said NAMA would at least break even by 2020.

He said he saw the beginnings of a slight improvement in the property market.

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