National Asset Management Agency (Nama) chief executive Brendan McDonagh has said the agency’s eventual surplus will be more than €4bn. Nama has already paid €2bn to the Exchequer and few observers had accepted the low forecast the agency has maintained in formal guidance for its lifetime surplus. Nama’s most recent numbers show the average value of property on its books is now around €330,000. The number of borrowers on Nama’s books is now 170, less than a quarter of the original 800 borrowers whose property loans were transferred to the agency. The remaining borrowers still have 4,000 loans secured on 3,000 properties.

Source: Irish Independent February 10, 2021 02:03 UTC