NAMA

The National Asset Management Agency (NAMA) was established in 2009 as one of a number of initiatives taken by the Government to address the serious crisis in Irish banking which had become increasingly evident over the course of 2008 and early 2009... 1.1 The National Asset Management Agency (referred to in this Data Protection Statement as "NAMA", "us" or "we") is a State body which was established by the National Asset Management Agency Act 2009 (the "NAMA Act") as a measure to address the serious threat to the economy and the stability of credit institutions in the State. This is achieved by, inter alia, acquiring eligible bank assets (loans and related security, primarily over property assets) from designated participating institutions (credit institutions who applied to partake in NAMA's statutory scheme), dealing expeditiously with the assets acquired by it and protecting or otherwise enhancing the value of those assets, in the interest of and for the purposes of obtaining the..

Also known as: NAMA Act, National Asset Management Agency

Primary location: Ireland