• NAMA made a €250m payment today representing the fourth transfer from its surplus in 2021

• To date, €3.4 billion has been paid by NAMA to the Exchequer, including €3 billion surplus payments and €400m corporation tax

• Additional transfers totalling €1.25 billion will be made in coming years

Friday, 17^th December 2021

The National Asset Management Agency (NAMA) has today transferred €250m from its surplus to the Exchequer. This is the fourth such payment from NAMA to the Exchequer this year, completing the 2021 programme of surplus transfers totalling €1 billion, and brings total surplus cash transfers to date to €3 billion.

NAMA will make additional transfers totalling €1.25 billion from its projected lifetime surplus of €4.25 billion over the coming years. All surplus transfers are subject to market conditions.

Coupled with corporation tax paid of €400m, NAMA’s total dividend to the State from its operations will be of the order of €4.65 billion, of which €3.4 billion has now been paid.

In the context of NAMA’s Strategic Plan 2022-2025 for the wind-down of its operations, the Agency expects to extract further value from its remaining portfolio, thus enabling it to potentially revise its lifetime surplus upwards in the coming years.

Brendan McDonagh, NAMA Chief Executive, said:

“Today’s payment of €250m brings total cash delivered from NAMA to the State to €3.4 billion. This is a considerable achievement enabled by our strong cash position and continued profitability, and we will make further surplus payments to the Exchequer over the coming years.”

Aidan Williams, NAMA Chairman, said:

“The €3 billion in surplus payments made by NAMA during 2020 and 2021 has provided the State with significant additional financial resources during a challenging time. NAMA is committed to continuing to deliver further value for the taxpayer from its remaining assets.”

Back