So, it's being reported that NAMA has generated €10.5bn in cash flow since its inception almost three years ago.
The National Asset Management Agency said, in it's latest summary of progress, that it's sold €6.9bn worth of assets and made a further €3.6bn from rental income. It has also identified close to 3,900 residential properties for social housing and €3.5bn worth of Senior Bonds were redeemed during the year, which NAMA Chairman Frank Daly has said will go a long way in repaying the debt it incurred in acquiring its loan portfolio.
Chief Executive, Brendan McDonagh said: “the generation of €10.5 billion in cash in the 33 months since the first loans transferred to NAMA reflects a strong performance in terms of asset disposals and also shows the importance for NAMA of capturing the rental income from assets under the control of debtors”.
NAMA makes €10.5bn in three years
NAMA Issues End of Year Review for 2012