Economy

Nama to return €4.9bn to economy by end of next year

Government said state’s asset manager is on course to wind down in the next two years

The Department of Finance said the agency had been ‘very effective’ in managing its loan portfolio and maximising the value of its assets

Nama is projected to return at least €4.9 billion to the exchequer by the end of 2025, according to the finance minister.

So far, the National Asset Management Agency (Nama) has transferred a total of €4.25 billion to the exchequer, made up of €3.85 billion from its lifetime surplus and more than €400 million in corporation tax payments.

Michael McGrath, the minister for finance, said Nama, which was set up by the government in 2009 ...