NAMA Ireland – the National Asset Management Agency is part of the National Treasury Management Agency (NTMA)
NAMA was established in 2009 as a key part of Ireland’s response to its banking and property crisis. NAMA acquired commercial and residential property loans with a nominal value of over €74bn from five financial institutions. In purchasing these loans, NAMA issued senior and subordinated debt of close to €32bn and is tasked with managing the assets to obtain the best financial return for the State. To date, NAMA has generated over €31bn in cash flows, has advanced development funding of over €1.3bn for its Irish assets, is profitable and, critically, is confident that our work will be completed by the 2020 completion date that was originally envisaged to repay its debt on behalf of the Irish state.
There always seems to be job vacancies at NAMA as their work grows or staff leave . Job adverts at NAMA don’t usually show salaries – but in the Dail it was revealed that 12 of the 227 NAMA staff have packages worth more than €200,000 per year and 106 have pay deals worth between €100k and €200k.
See all the latest NAMA vacancies here