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NAMA sees income climb to €89m in Q3

THE National Asset Management Agency (NAMA) under Frank Daly (right) has generated income of €89.5m in the third quarter of last year.

The so-called bad bank's loan portfolio has grown to about €27bn from the five participating institutions. It bought those loans for €13bn and added that, as of today, it has bought €71.2bn of loans for €30.2bn -- which represented a discount of 58pc.

The agency said that 25pc of its loans were performing at the end of September.

And it outlined that in the three months from July to September, NAMA advanced €126m to borrowers to complete projects and fund working capital.