Nama reports a slight fall in profits for 2021 to €262m

The state agency said it now expects to return almost €5bn in surplus cash and dividend payments to the exchequer over its lifetime

Brendan McDonagh, chief executive of Nama: ‘It is our 11th year of profitability in a row’. Picture: Chris Bellew/Fennell Photography

The National Asset Management Agency (Nama) recorded an operating profit of more than €262 million for 2021, which was down 4 per cent on the near €275 million profit it made a year previous.

Nama recorded a net profit after tax of more than €195 million for 2021, which it said marked the 11th consecutive year it had returned a profit. The agency generated more than €670 million in cash last year, the majority of ...