Wednesday August 5, 2020

Nama had cash of €3.4 billion at end of 2015

Principal sales were Project Arrow and Project Jewel

5th January, 2016
NAMA chairman Frank Daly (right) with chief executive Brendan McDonagh Pic: Rollingnews.ie

Nama had cash balances of €3.4 billion at the end of a year that saw it sell off Project Arrow and Project Jewel, the portfolio through which Dundrum Town Centre's loans were held, the agency reported.

In its end of year report, the National Asset Management Agency said it generated €9.1 billion in cash in 2015, bringing its total cash generated since 2010 to €32.7 billion.

Project Jewel saw it sell off the loans associated with a...

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