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NAMA Issues End of Year Review for 2014

NAMA has issued their end-year summary of progress made in 2014 and on a number of its key objectives and targets:

  • €8.6 billion in cash generation in 2014 (€23.7 billion total cash generated from inception to date)
  • €7.8 billion in loan and assets sales in 2014 (€18.7 billion total asset sales from inception to date)
  • €9.1 billion in Senior Bond redemptions in 2014 (€16.6 billion or 55% of all NAMA Senior Bonds redeemed to date)
  • Involved in a number of substantial planning applications lodged to Dublin City Council in respect of Docklands’ SDZ for up to 1m sq.ft of commercial space
  • More than 1,000 new homes funded by NAMA delivered in Dublin area in 2014
  • 1,000 Irish jobs saved a result of NAMA supporting companies through Examinership
  • Over 1,000 social housing homes provided by end-2014

NAMA has sold €18.7bn in loan and assets sales with €7.8bn sold last year alone, its end-of-year summary shows.