{"id":571747,"date":"2026-07-28T08:03:08","date_gmt":"2026-07-28T08:03:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/571747\/"},"modified":"2026-07-28T08:03:08","modified_gmt":"2026-07-28T08:03:08","slug":"nama-to-be-dissolved-this-weekend-closing-book-on-financial-crisis-after-17-years-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/571747\/","title":{"rendered":"Nama to be dissolved this weekend, closing book on financial crisis after 17 years \u2013 The Irish Times"},"content":{"rendered":"

The Government will formally dissolve the National Asset Management Agency<\/a> on Saturday, ending the 17-year run of a unit set up to handle toxic loans at the height of the financial crisis.<\/p>\n

The Department of Finance laid the statutory instrument formalising the dissolution of Nama before the D\u00e1il on Monday. Its remaining assets will transfer over to the National Treasury Management Agency<\/a> (NTMA).<\/p>\n

Nama was set up under the aegis of the NTMA, but had its own board and operated independently.<\/p>\n

At its height, Nama took in loans with a par value of about \u20ac74 billion from Anglo Irish Bank<\/a>, AIB<\/a>, Bank of Ireland<\/a>, EBS<\/a> and Irish Nationwide Building Society<\/a>, paying just under \u20ac32 billion for the debt. Overall it worked down about 12,000 loans secured against 60,000 properties from 800 lenders.<\/p>\n

The agency still has about residential assets worth about \u20ac22 million<\/a> to be resolved, chief executive Brendan McDonagh<\/a> told an Oireachtas committee this month. <\/p>\n

It also has \u20ac50 million in cash it will hand over to the NTMA. Property assets with a value of \u20ac425 million were transferred to the Land Development Agency<\/a> last year.<\/p>\n

McDonagh will take over as head of the NTMA\u2019s development finance agency on September 1st. <\/p>\n","protected":false},"excerpt":{"rendered":"The Government will formally dissolve the National Asset Management Agency on Saturday, ending the 17-year run of a…\n","protected":false},"author":2,"featured_media":571748,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[7715,40230,7863,74112,72,20926,61,60,80343,114590,80344],"class_list":["post-571747","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-aib","tag-anglo-irish-bank","tag-bank-of-ireland","tag-brendan-mcdonagh","tag-business","tag-ebs","tag-ie","tag-ireland","tag-irish-nationwide-building-society","tag-national-asset-management-agency-nama","tag-national-treasury-management-agency"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/571747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=571747"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/571747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/571748"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=571747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=571747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=571747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}