Wednesday, 3 August 2011

Boom property details at last laid bare

Vast scale of operations of a State agency vital to Ireland’s recovery is disclosed in a timely and transparent way, writes SIMON CARSWELL, Finance Correspondent in the Irish Times.
FROM ZERO to a working State agency with €72.3 billion in loans and a staff of 150 people in just 20 months is quite some feat.Add to this the fact the National Asset Management Agency is one of the most controversial political creations and one of the most unpopular, and you get an idea of the work completed.
It was timely therefore that Nama should disclose more information than ever before when it published its first annual report, covering 2010, at the Treasury Building in Dublin yesterday