merrion street

Finance Minister Paschal Donohoe today welcomed NAMA’s announcement that it is to redeem its final €500m tranche of the €30.2bn Government guaranteed senior debt a full three years ahead of its original schedule.

Minister Donohoe said: 

This is a landmark day in Ireland’s recovery from the financial crisis, which every day we leave further behind. 

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.