The so-called ‘bad bank’ recorded a profit of €63 million last year while managing properties on state lands
Nama, the state ‘bad bank’ recorded a profit of €63 million in 2022, new accounts for the organisation show.
This was down significantly compared to the €195 million profit it made in 2021, as the organisation continues to slowly wind down with a view to ceasing operations entirely by the end of 2025. Nama mostly generates cash from selling properties or loans. During 2022, it made €319 million from these activities, compared to €619 million ...
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