National Asset Management Agency
Acronym: NAMA
General Information
Identification Code: 575199244323-51
Website: [object Object]
Entity Form: Designated Activity Company
Registration Category: Other organisations, public or mixed entities
Registration Date: 10/7/2021
Last Update: 1/24/2024
EP Accredited Number: 0
Mission & Interests
Goals: The National Asset Management Agency (NAMA) is the national asset management company in Ireland. NAMA was established in 2009 and acquired €74 billion of property related loans (mainly non-performing loans) from five Irish banks for a total consideration of €32 billion. NAMA’s statutory mandate per section 10 of the NAMA Act 2009 is to achieve the best commercial return from its acquired loans.
Interests Represented: Promotes their own interests or the collective interests of their members
Interests:
- Banking and financial services
- Economy, finance and the euro
Levels of Interest:
- national
Activities
Main EU Legislative Proposals: •NAMA has been accepted to participate in the 'NPL Advisory Panel' and to do so needs to be registered as a Type C member in the Transparency Register.
•NAMA has participated in a series of roundtables related to NPL Platforms and related topics.
•In addition, all those proposals or policies related to the NAMA's objective, such as achieving NAMA’s statutory mandate per section 10 of the NAMA Act 2009 which is to achieve the best commercial return from its acquired loans.
Communication Activities: As preparations are stepped up to deal with the reasonably expected increase in NPLs and default situations arising due to Covid, the experience and perspectives that NAMA has garnered through establishing a successful AMC and completing a substantial amount of deleveraging in a relatively short period of time may be of benefit to the EU Commission.
As part of this NAMA has participated in a number of events arranged by the EU Commission including Roundtables on the NPLs and as part of an informal group preparing for the anticipated emergence of additional NPL in the EU area.
EU Supported Forums and Platforms: NPL Advisory Panel#E03784#https://ec.europa.eu/transparency/expert-groups-register/screen/expert-groups/consult?lang=en&groupID=3784 #MEMBER #C#Other
Inter-institutional or Unofficial Groupings: Unofficial groupings
Head Office
Address: Treasury Dock,North Wall Quay
Post Code: D01 A9T8
City: Dublin 1
Country: IRELAND
Phone: [object Object]
EU Office
Address: Treasury Dock,North Wall Quay
Post Code: D01 A9T8
City: Dublin 1
Country: IRELAND
Phone: [object Object]
Financial Data
New Organisation: false
Closed Year: [object Object]
Current Year: [object Object]
Membership Information
Members10 Percent: 2
Members25 Percent: 0
Members50 Percent: 0
Members75 Percent: 0
Members: 2
Members F T E: 0.20000000298023224
Structure
Structure Type: Structure
Is Member Of: n/a
Organisation Members: n/a