An inquiry into the success of Ireland’s National Asset Management Agency has found that the bad bank could wind up operations ahead of schedule and with a €1bn (£713m) surplus.
The bank was expected to pay back its €30.2bn of senior debt by 2020. Instead, payment is expected to occur in early 2018 or late 2017.
Nama currently has 600 debtors on its books but hopes to reduce this number to 150 by the end of 2015 by selling off a large number of smaller loans over the course of the year.
The bank paid €31.8bn for €74bn of loans from domestic banks shortly after the crash. Loans with a face value of €47bn are yet to be sold.
