The latest report (for Quarter 2 2022) 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-June 2022: €63 million
Total cash generated in the 6-month period: €279 million (with a further €0.1 billion generated between 30 June and 23 September, bringing total cash generated since inception to €47.3 billion)
- Total lifetime surplus transfers by NAMA to Exchequer of €3.25 billion as at end September
- NAMA’s expected lifetime contribution to the Exchequer, between the projected surplus of €4.5 billion and projected total tax payments of €400m, is €4.9 billion.
- An update on NAMA’s residential delivery activity (to September 2022) as follows:
- 26,165 homes delivered, including over 24,000 delivered since 2015
- Of these, 13,479 homes were delivered directly through NAMA funding and 12,686 delivered indirectly on sites sold by NAMA debtors or refinanced
- So far in 2022, 284 new homes have been delivered, with a further 758 under construction and an additional 1,300 have NAMA funding committed, subject to commercial viability A further 5,925 homes currently under construction or have secured planning permission
- A summary of NAMA’s progress in the Dublin Docklands Strategic Development Zone and the Poolbeg West Strategic Development Zone
Section 53 annual statement
NAMA also publishes an annual statement under Section 53 of the NAMA Act which sets out NAMA’s objectives and strategy for the year ahead.
This statement has also been laid before the Oireachtas and is now available at the following link:
https://www.nama.ie/publications/section-53-annual-statements
