Ireland’s National Asset Management Agency was the fifth-largest individual seller of European loans over the past five years, according to a report from technology platform Debtwire.
The agency – which took on property debts of Irish banks following the financial crash – disposed of €21.9bn during the period.
This places it behind UK Asset Resolution and the Italian and Spanish banks UniCredit, Banco Santander and Banca Monte dei Paschi di Siena.
Ireland sold €63.7bn worth of loan portfolios between 2015 and 2019. The country was ranked behind Italy, which had loan sales of €230.2bn over the period, as well as Spain (€134.1bn) and the UK (€89.9bn).
The news comes after Nama announced last week that it planned to transfer €2bn of an expected surplus of €4bn to the Exchequer of Ireland this year.
In its end-of-year review, the agency confirmed that it would transfer the €2bn sum in the second half of 2020.
Nama generated more than €1.3bn of cash in 2019. Since inception, the agency has generated cash in excess of €45.3bn from its operations.
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