NAMA
The National Asset Managment Agency was created by the Irish Government (led by Fianna Fáil) in late 2009 to clean up the mistakes of Irish bankers. The state agency will aquire €77,000 million of impaired loans from Irish banks at a cost to the Irish taxpayer of around €54,000 million. The estimated current market value of underlying assets is €47,000 million.
The face value of the loans transfered to Nama and the value of government bonds that was issued in return for the first tranche, May 2010.
The face value of the loans transfered to Nama and the value of government bonds that was issued in return for the second tranche.