NAMA reports €132m profit for 9 months to September 2021

NAMA publishes a quarterly report under Section 55 of the NAMA Act
by IFSC News
28 Jan 2022
IFSC

International Financial Services Centre

The latest report (for Quarter 3 2021) has been laid before the Oireachtas and is now available on the NAMA website at the following link:

The report is accompanied by a letter to the Minister for Finance which includes the following information:

  • Profit for the period January-September 2021: €132 million (January-September 2020: €31 million)
  • Total cash generated in the 9-month period: €552 million (January-September 2020: €455 million). A further €0.1 billion was generated between 30 September and 17 December, bringing total cash generated since inception to €46.9 billion)
  • Total cash transfers by NAMA to Exchequer of €3.4 billion as at end December (€3 billion from its lifetime surplus and a further €400 million in corporation tax payments.)
  • A summary of NAMA’s progress in the Dublin Docklands SDZ, the Poolbeg West SDZ and its residential delivery activity as of mid-December (please note NAMA has subsequently published more recent information on the Docklands, Poolbeg and residential delivery programmes to end December 2021 – click here.

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