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13/10/2017
NAMA To Complete Final Repayment Of €30.2bn Govt Guaranteed Debt
NAMA has announced plans to redeem its final €500 million tranche of the €30.2 billion Government guaranteed senior debt a full three years ahead of its original schedule.
Welcoming the announcement, Minister for Finance and Public Expenditure & Reform, Paschal Donohoe TD, said: "This is a remarkable achievement and a landmark day in Ireland's recovery from the financial crisis, which every day we leave further behind.
"Today's announcement is a testament to the focus and dedication of the NAMA Board and staff. In particular, I want to thank the NAMA Chairman, Frank Daly, and Chief Executive, Brendan McDonagh, for their guidance which has been instrumental in reaching this point.
"NAMA's performance has always, to some degree, been linked to Ireland's recovery. The fact that NAMA is currently forecasting a surplus of €3bn, which will accrue to the State over the coming years, is a testament to the strength of our economy and the journey we have made. Budget 2018, which I delivered this week, outlined plans to further utilise the skills and experience that have been built up in NAMA down through the years, and I look forward to those involved in the Agency continuing to make a contribution to our continued progress in the period ahead."
(MH/LM)
Welcoming the announcement, Minister for Finance and Public Expenditure & Reform, Paschal Donohoe TD, said: "This is a remarkable achievement and a landmark day in Ireland's recovery from the financial crisis, which every day we leave further behind.
"Today's announcement is a testament to the focus and dedication of the NAMA Board and staff. In particular, I want to thank the NAMA Chairman, Frank Daly, and Chief Executive, Brendan McDonagh, for their guidance which has been instrumental in reaching this point.
"NAMA's performance has always, to some degree, been linked to Ireland's recovery. The fact that NAMA is currently forecasting a surplus of €3bn, which will accrue to the State over the coming years, is a testament to the strength of our economy and the journey we have made. Budget 2018, which I delivered this week, outlined plans to further utilise the skills and experience that have been built up in NAMA down through the years, and I look forward to those involved in the Agency continuing to make a contribution to our continued progress in the period ahead."
(MH/LM)
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03 February 2011
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25 September 2009
NAMA Gets Assembly Debate
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29 January 2014
New Dublin Distillery To Create 30 Jobs
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06 August 2012
Call For Investigation Into NAMA Deal
Revelations that a senior executive at NAMA was able to purchase a property from the agency's portfolio which was not put up for sale on the open market should be referred to the Gardai to investigate further under the NAMA Act 2009, according to Fianna Fáil Finance Spokesperson Michael McGrath.
Call For Investigation Into NAMA Deal
Revelations that a senior executive at NAMA was able to purchase a property from the agency's portfolio which was not put up for sale on the open market should be referred to the Gardai to investigate further under the NAMA Act 2009, according to Fianna Fáil Finance Spokesperson Michael McGrath.
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Ireland WeatherToday:Scattered sleet and snow showers will turn increasingly heavy and more frequent in the afternoon across the north. Largely dry with sunny spells in the south, but showers spreading here towards the end of the day. Maximum temperature 4 °C.Tonight:Frequent, often heavy showers of rain, sleet and snow will affect most parts this evening and overnight, but are likely to be most frequent across the northeast. Minimum temperature -1 °C.
