The National Asset Management Agency (Nama) plans to return 5.5 billion euros to the state when it closes at the end of the year, exceeding an earlier estimate of 5.2 billion euros.
The state-owned “bad bank” created in 2009 used €32 billion in debt to bail out banks from €74 billion in risky mortgages after the banking crisis.
To date, the organisation has returned €4.7 billion in surplus cash and corporate tax to the state after selling almost all of its loans and real estate.
The remaining 800 million euros will be transferred by the end of the year, Nama said in a statement.
Sourse: breakingnews.ie
