Politics

NAMA reports profit of €81 million in 2022

Agency says it has funded or facilitated the delivery of close to 30,000 new homes since 2014

Michael McGrath, Minister for Finance. Picture: Barry Cronin

The National Asset Management Agency (NAMA) has reported profit after tax of €81 million for 2022.

The body - which is responsible for achieving the best financial return to the State through the management of its assets and debts - said the profit reflects the ongoing reduction in the size of its loan portfolio, which stood at €500 million at end 2022, less than 2 per cent of the value of €32 billion paid by ...