In its latest Quarterly Report, Nama announced cash generation of €207m for the three-month period ended September, totaling €48bn since establishment. Originally aimed at recovering €33bn to repay debts from nationalised banks, Nama's updated target now projects a cash surplus of €4.8bn to the Exchequer alongside tax payments of €400m. Despite significant recoveries, the total remains well below the original €72bn face value of loans due to historic losses, particularly from Anglo Irish Bank. Notably, Nama has also facilitated the creation of over 41,000 new homes since 2014.
During its latest Quarterly Report, Nama generated €207m in cash, bringing its total cash generation since establishment to €48bn.
Nama's projected cash surplus to the Exchequer is €4.8bn, with projected total tax payments contributing an additional €400m.
Despite improvements, Nama's recoveries are still short of the original €72bn face value of loans, reflecting historic bank losses.
Since 2014, Nama has supported the delivery of 41,528 new homes, with significant contributions to housing shortages in Ireland.
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