“The publication of NAMA’s 2025 Annual Report, together with the introduction of legislation to provide for the dissolution of the Agency, marks a significant milestone, reflecting the fact that the very substantial work of NAMA is largely complete.

Since its establishment in 2009, NAMA has worked through a complex portfolio of loans and assets and has delivered significant results for the State, including:

• A lifetime contribution of €5.6 billion to the State, comprising €4.7 billion in cash transfers to the Exchequer, €425 million in social housing and land transferred to the Land Development Agency, and approximately €450 million in corporation tax;
• Supporting the delivery of more than 44,500 homes, including significant social housing;
• The transformation of the Dublin Docklands, delivering over 4.2 million sq ft of commercial space and thousands of homes;
• Generating €48.5 billion in cash while successfully managing one of the most complex asset portfolios arising from the global financial crisis.
• The redemption of €30.2 billion in senior debt ahead of schedule and the full repayment of €1.6 billion in subordinated debt, eliminating a major contingent liability for the State.

As NAMA nears its conclusion, it is important to recognise the role the Agency has played in restoring confidence in Ireland’s economy. NAMA has fulfilled the mandate set for it and has been recognised internationally as one of the most successful State-backed asset management agencies of its kind.

I would like to acknowledge the Board, CEO, management and staff of NAMA past and present, for their dedication and professionalism in carrying out this important work on behalf of the State.”

“I am pleased to introduce the National Treasury Management Agency (Miscellaneous Provisions) Bill 2026 in the Oireachtas today, on behalf of the Tánaiste, marking an important step in bringing the work of NAMA and the IBRC Special Liquidation to a close.

This legislation provides a clear and practical framework for the transfer of the small volume of remaining NAMA and IBRC activity to the NTMA, ensuring that these residual matters can be managed efficiently and brought to a conclusion in an orderly way.

The scale and complexity of the work undertaken over the past decade and a half has been significant. NAMA has successfully resolved a €32 billion loan portfolio down to a very small residual balance and has played a central role in supporting the State’s economic recovery following the financial crisis.

This Bill reflects the fact that that work is now largely complete and ensures that the final steps can be delivered in a streamlined manner, while maintaining continuity and protecting the interests of the State.”