NAMA: THE ‘PROFIT’ AND THE CRISIS

Date: May 31, 2019 - Finance

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BRENDAN McDonagh and Frank Daly – chief executive and chairman respectively of Nama, kept straight faces yesterday when announcing that the bad bank would earn a €4bn surplus by the time it winds up (some time in 2021 apparently). It takes some impressive contortions to arrive at a ‘profit’ figure of approximately €4bn given that… Read more »

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