#Latest news with #€5.5billionBreakingNews.ie2 days agoBusinessBreakingNews.ie'Bad bank' Nama on course to have returned €5.5bn to StateThe National Asset Management Agency (Nama) is on course to have returned €5.5 billion to the State by the time it winds down at the end of the year, up from an earlier estimate of €5.2 billion. Set up in 2009, the State-run "bad bank" used €32 billion of debt to rid banks of €74 billion worth of risky property loans following a banking collapse. Advertisement It has so far returned €4.7 billion to the State from surplus cash and corporation tax after selling almost all of its loans and properties. It will transfer the remaining €800 million by the end of the year, Nama said in a statement.
BreakingNews.ie2 days agoBusinessBreakingNews.ie'Bad bank' Nama on course to have returned €5.5bn to StateThe National Asset Management Agency (Nama) is on course to have returned €5.5 billion to the State by the time it winds down at the end of the year, up from an earlier estimate of €5.2 billion. Set up in 2009, the State-run "bad bank" used €32 billion of debt to rid banks of €74 billion worth of risky property loans following a banking collapse. Advertisement It has so far returned €4.7 billion to the State from surplus cash and corporation tax after selling almost all of its loans and properties. It will transfer the remaining €800 million by the end of the year, Nama said in a statement.
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