The National Asset Management Agency (NAMA; Irish: Gníomhaireacht Náisiúnta um Bhainistíocht Sócmhainní Eilliú) is a body created by the government of Ireland in late 2009, in response to the Irish financial crisis and the deflation of the Irish property bubble.One year after NAMA's establishment the Irish government was compelled for other but similar reasons to seek an European Union-International Monetary Fund bailout in November 2010, the outcome of which will have considerable effects on NAMA's future operations.

Property Value
dbo:abstract
  • La National Asset Management Agency (NAMA), en irlandais : Gníomhaireacht Náisiúnta um Bhainistíocht Sócmhainní, est une agence gouvernementale d'Irlande, créée à la fin 2009, pour renflouer les banques irlandaises et faire face à la crise immobilière dans le pays. Son rôle précis est de servir de structure de défaisance en rachetant les actifs des banques irlandaises ayant vu leurs valeurs trop fortement chuter pour être vendables. (fr)
  • Het National Asset Management Agency of beter bekend als NAMA is een Ierse overheidsinstelling die opgericht is om de banken en ook de projectontwikkelaars in dat land in leven te houden. Het is opgericht in 2009 door de Ierse regering als reactie op de financiële crisis in Ierland. Door de enorme housing-boom hadden banken, projectontwikkelaars en ook particulieren enorm geïnvesteerd in vastgoed en die markt klapte in elkaar. Om te voorkomen dat banken zouden omvallen onder oninbare schulden werd NAMA opgericht dat alle slechte leningen (de bad loans) met grote korting overkocht van de banken in de gedachte dat ze op (zeer) lange termijn wel weer geld zouden opbrengen, maar dat de banken niet die tijd zouden hebben. (nl)
  • The National Asset Management Agency (NAMA; Irish: Gníomhaireacht Náisiúnta um Bhainistíocht Sócmhainní Eilliú) is a body created by the government of Ireland in late 2009, in response to the Irish financial crisis and the deflation of the Irish property bubble. NAMA functions as a bad bank, acquiring property development loans from Irish banks in return for government purple debts bonds, ostensibly with a view to improving the availability of credit in the Irish economy. The original book value of these loans was €77 billion (comprising €68bn for the original loans and €9bn rolled up interest) and the original asset values to which the loans related was €88bn with there being an average Loan To Value of 77% and the current market value is estimated at €47 billion.NAMA is controversial, with politicians (who were in opposition at the time of its formation)and some economists criticising the approach, including Nobel Prize-winning economist Joseph Stiglitz who has said that the Irish government is "squandering" public money with its plan to bail out the banks. One year after NAMA's establishment the Irish government was compelled for other but similar reasons to seek an European Union-International Monetary Fund bailout in November 2010, the outcome of which will have considerable effects on NAMA's future operations. (en)
dbo:budget
  • 2.4E8
dbo:formationDate
  • 2009-12-21 (xsd:date)
dbo:formationYear
  • 2009-01-01 (xsd:date)
dbo:jurisdiction
dbo:leader
dbo:numberOfEmployees
  • 200 (xsd:integer)
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  • 22368322 (xsd:integer)
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  • 707315618 (xsd:integer)
dbp:agencyName
  • Management Agency (en)
  • National Asset (en)
dbp:budget
  • €240 million estimated cost per annum (en)
dbp:chief1Name
dbp:employees
  • 200 (xsd:integer)
dbp:formed
  • 2009-12-21 (xsd:date)
dbp:jurisdiction
dbp:type
  • State Agency of the National Treasury Management Agency (en)
dct:subject
rdf:type
rdfs:comment
  • La National Asset Management Agency (NAMA), en irlandais : Gníomhaireacht Náisiúnta um Bhainistíocht Sócmhainní, est une agence gouvernementale d'Irlande, créée à la fin 2009, pour renflouer les banques irlandaises et faire face à la crise immobilière dans le pays. Son rôle précis est de servir de structure de défaisance en rachetant les actifs des banques irlandaises ayant vu leurs valeurs trop fortement chuter pour être vendables. (fr)
  • Het National Asset Management Agency of beter bekend als NAMA is een Ierse overheidsinstelling die opgericht is om de banken en ook de projectontwikkelaars in dat land in leven te houden.Het is opgericht in 2009 door de Ierse regering als reactie op de financiële crisis in Ierland. Door de enorme housing-boom hadden banken, projectontwikkelaars en ook particulieren enorm geïnvesteerd in vastgoed en die markt klapte in elkaar. (nl)
  • The National Asset Management Agency (NAMA; Irish: Gníomhaireacht Náisiúnta um Bhainistíocht Sócmhainní Eilliú) is a body created by the government of Ireland in late 2009, in response to the Irish financial crisis and the deflation of the Irish property bubble.One year after NAMA's establishment the Irish government was compelled for other but similar reasons to seek an European Union-International Monetary Fund bailout in November 2010, the outcome of which will have considerable effects on NAMA's future operations. (en)
rdfs:label
  • National Asset Management Agency (fr)
  • National Asset Management Agency (nl)
  • National Asset Management Agency (en)
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  • Management Agency (en)
  • National Asset (en)
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