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Thu 10 Oct 2009State expects Nama to pay taxpayer €5.5bn profit by 2020

THE GOVERNMENT predicts that the National Asset Management Agency (Nama) will give a return to the taxpayer of €4.8 billion when the “bad bank” is wound up in 2020.

The forecast is contained in a draft business plan published by the Department of Finance last night showing the projections on the cost of running the loans agency and how it will be set up and operated.

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