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This report reviews NAMA’s management and disposal of a portfolio of loans called Project Nantes. The report also examines whether the sale infringed upon the requirements of section 172 of the NAMA Act.
This report reviews NAMA’s management and disposal of a portfolio of loans called Project Nantes. The report also examines whether the sale infringed upon the requirements of section 172 of the NAMA Act.
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Between 2008 and 31 December 2018, the net cost of banking stabilisation measures taken by the State was estimated to be €41.7 billion. This figure takes account of the State’s residual investments in banks and NAMA’s retained earnings, among other elements. The cost of servicing the long-term associated debt is estimated at between €1.1 billion and €1.3 billion per annum. The State is not expected to recover further significant funds from its investment in IBRC, or generate a surplus on its investment in AIB.
