IRELAND 19 October 2018
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The Comptroller and Auditor General has carried out a review of the progress that the National Asset Management Agency (NAMA) has made towards achieving its overall objectives as at end 2016, as required under the NAMA Act 2009. The report reviews the finalisation of the loan acquisition process and the impact of the liquidation of IBRC on NAMA. 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 put in place by NAMA to manage debtors, the disposal of loans and underlying collateral, and NAMA’s achievements in relation to residential and commercial property development.