IRELAND 27 March 2017
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The Comptroller and Auditor General has carried out a review of the extent to which the National Asset Management Agency (NAMA) has made progress in achieving its overall objectives, as required under the NAMA Act 2009. The report reviews the outcome of the loan acquisition process and its contribution to removing uncertainty regarding property-related loans held by participating banks. It also reviews NAMA's financial performance as well as its progress towards meeting its debt redemption targets and obtaining the best achievable financial return. In addition, the report looks at the arrangements that NAMA has in place for administering the loans and managing debtors and the steps that it taken to protect and enhance the value of assets acquired and the underlying collateral.