Nama signals that investors are now moving away from new commitments in Irish market
Brendan McDonagh
Decision expected imminently on successor to Conor O’Kelly
Additional transfers of €1.25bn to be made in coming years, agency says
Tuohy is third person fined by regulator since it took direct audit responsibility in 2016
A successor to Conor O’Kelly is expected to be selected by the end of the year
Agency’s total cash transfers now €2.75bn, with further payments of €1.25bn to come
Figure is turnaround from €49m loss it reported for the same period in 2020
So-called bad bank recently increased its lifetime surplus projection to €4.25bn
Purchase price of additional affordable homes yet to be agreed by Council
State-controlled lender intends to buy back up to almost 5% of company
Agency forecasts a lifetime surplus of €4bn for the State
State assets agency fell short of target at end of 2020, blaming Covid-19
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