NAMA returning €5.5 billion to exchequer as Kerry native says the agency delivered for the state

NAMA is returning €5.5 billion to the state, after operating over the past 16 years.

The agency is being wound up this year, and was set up after the financial crash and responsible for managing bad loans.

It made a profit of around 200 million euro last year; and is returning an extra €300 million to the State on top of what was forecast.

NAMA CEO Brendan McDonagh, who is from Killorglin, believes the body served its purpose: