Nama’s lost profits: Taxpayers miss out on €18bn windfall

A damning new report into Nama has found that the state’s toxic loan agency would have secured an additional €18 billion for the taxpayer if it had held and managed its assets, as opposed to its strategy of large-scale disposals.

The report also reveals how overseas funds have made spectacular returns “flipping” Irish property acquired from Nama – with funds making average returns of 47 per cent on just 11 deals, yielding a ...