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Wednesday 1 February 2023 Dublin: 9°C

# BaNAMA Republic

All time
# Economic Recovery
PUP and EWSS Covid supports discussed at Cabinet Sub Committee - but no change made
Bars, restaurants and nightclubs had only recently seen restrictions start to relax.
# NAMAland
Nearly 700 NAMA units being provided suitable for social housing - minister
Jan O’Sullivan says over 2,000 properties have been appraised for their suitability – and only half are fit for use as social housing.
# BaNAMA Republic
NAMA to hire private detectives to hunt down hidden riches
The agency has advertised looking for staff to help “verify the accuracy” of financial statements submitted by its debtors.
# NAMA
NAMA turns €118m profit in second quarter of 2011
The State’s ‘bad bank’ increases profits, making €118m in three months, generating over €800m in cash in the three months.
# BaNAMA Republic
NAMA is paying €200,000 salaries to two indebted developers
Two of the ‘major’ developers who owe millions to the bad bank are being paid €200k salaries – and all can be paid commission.
# BaNAMA Republic
NAMA confirms pursuit of major developers' pensions
The State’s ‘bad bank’ says it wants to get its hands on the pension pots of indebted developers – some of them worth millions.
# BaNAMA Republic
NAMA chairman defends paying six-figure salaries to developers
Frank Daly tells an Oireachtas committee that hiring a developer on a big salary is often cheaper than appointing a receiver.
# NAMA
NAMA posts €305m operating profit for 2010 - but loses €1.18bn overall
The bad bank’s annual report gives some insight into how the country’s indebted developers are performing.
# Ghost Estates
NAMA to invest €3m in 'urgent' ghost estate work
The national bad bank says it’s funding ‘urgent construction’ in ghost estates linked to the loans it holds.
# BaNAMA Republic
NAMA chairman denies builders can buy back their properties cheaply
It had been claimed that developers whose properties were taken over by NAMA were looking to buy them back at huge discounts.
# BaNAMA Republic
We'll find out ‘within weeks’ exactly what property NAMA controls
Finance minister Michael Noonan says the NAMA website will list the properties under the control of debtors’ receivers.
# NAMA
Jim Mansfield's executive airport, apartments and golf club swallowed by NAMA
Agency appoints statutory receiver after former billionaire fails to agree how to pay down his debts.
LIVE
Supreme Court rejects McKillen claims of NAMA unconstitutionality
McKillen can be consulted for input before his loans are acquired, the Supreme Court rules, rejecting his other complaints.
# Hotels
NAMA chief: We're not to blame for cheap hotel rooms
NAMA’s chairman Frank Daly dismisses criticisms that NAMA’s hotel ownership was forcing down the market prices.
# Your Say
Poll: Do you trust NAMA to force developers to pay their debts?
Last night’s Prime Time Investigates showed how developers who owe billions to NAMA are continuing to enjoy extravagant lifestyles involving helicopters, luxury cars – and expensive shopping trips. Do you trust the agency to protect the interests of taxpayers?
# Unemployment
Emigration draining GAA clubs of players
Gaelic games are thriving abroad as young men and women depart Ireland in search of work.
# Comment
Ireland and Manchester United: painful recent pasts and fuzzy futures
American blogger Elliott says there are real parallels between Ireland’s economic ‘situation’ and goings-on at Old Trafford. And it has nothing to do with the whole Wayne Rooney-Ivor Callely thing.
# Haircuts for all
NAMA's overall loan purchases will come at 58% 'haircut'
The state’s bad bank will pay little over two-fifths of the book value to buy the totality of Ireland’s impaired loans.
# BaNAMA Republic
McKillen's NAMA appeal decision due on Monday
The Commercial Court will decide on Monday whether there are grounds for Paddy McKillen to appeal his NAMA challenge.
# BaNAMA Republic
NAMA reports €6m profit between April and June
Brian Lenihan says NAMA is ‘functioning well’ as it reports a modest profit for the second quarter.
# NAMA 2
Alan Dukes: Ireland needs a second bad bank
The Anglo chairman and former FG leader tells a conference Ireland needs a second NAMA.
# BaNAMA Republic
NAMA denies capping developers salaries at €200k
Indebted developers could be earning even more – but have to shoulder big budget cuts.
# BaNAMA Republic
Developers score €200,000 salaries from NAMA
NAMA agrees deals with the country’s most indebted developers to fund their new businesses – and pay enviable salaries.
# BaNAMA Republic
Housing agency calls for 'NAMA for the people'
Threshold urges government to take stake in bad mortgages while allowing tenants to retain a stake and stay in their home.
# BaNAMA Republic
Defiant Lenihan insists Ireland can avoid bailout
Ireland can “absolutely” dodge the need to go cap-in-hand to Europe – but pensions and welfare could be hit.
# BaNAMA Republic
New smartphone utility shows properties owned by NAMA
‘NAMAland’ uses your iPhone or Android’s camera and GPS to show you if nearby property is publicly owned.
# Courts
Anglo CEO: McKillen could help economic recovery
The Commercial Court hears that Mike Aynsley objects to the transfer of Paddy McKillen’s loans to NAMA.
# BaNAMA Republic
Government insists Quinn must repay €2.8bn Anglo debt
The troubled businessman owes the nationalised bank €2.8bn – and the government demands a taxpayer return.
# Bank of Ireland
NAMA backtracks on Bank of Ireland loan takeovers
After consulting with NAMA and Brussels, the government decides only to take loans valued over €20m – up from €5m.
# BaNAMA Republic
NAMA to take on €2.4bn of undeveloped NI land
The state’s bad bank warns of “financial pain” for developers whose land will have to be sold off as mere farmland.
# BaNAMA Republic
Ned O'Keeffe calls for cabinet reshuffle
# BaNAMA Republic
NAMA says it will move quickly against unpaid loans
But insists its business plan is on track.
# Anglo Irish Bank
Anglo’s split: what the internet thought
Social media users react to the government’s latest proposal for Anglo.
# Anglo Irish Bank
In full: Brian Lenihan’s statement on future of Anglo Irish Bank
Brian Lenihan’s full public statement on the future of the nationalised Irish bank.