Nama generated €5.4 billion in 2016

Nama generated €5.4 billion in 2016
Nama’s headquarters in Dublin Pic: RollingNews.ie

Agency closed out the year with €2.2 billion and expects to redeem all of its senior debt by the end of the year

Nama generated €5.4 billion in cash in 2016 and closed out the year with a cash balance of €2.2 billion, a review published by the agency revealed today.

This brings the total cash Nama has generated from asset disposals and other income since its 2010 inception to €38.1 billion.

Though the agency redeemed the same amount of senior debt in 2016 as it did the previous year – €5.5 billion – the €5.4 billion cash generation figure was down from €9.1 billion in 2015.

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