Dáil Éireann Debate, Thursday - 22 January 2026
322. Deputy Pearse Doherty asked the Tánaiste and Minister for Finance for an update on the legislation to dissolve NAMA; the total assets still under management by NAMA; and if he will make a statement on the matter. [5250/26]
View answerAs the Deputy will be aware, on 2 July 2024, the then Minister for Finance Jack Chambers secured Cabinet approval for the priority drafting of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill. When enacted, the Bill will facilitate the orderly conclusion of the Special Liquidation of IBRC and the dissolution of NAMA in accordance with NAMA’s 2021 Strategic Plan. The Bill when enacted will also provide for any residual activity to be transferred to the NTMA to be managed until completion.
The Bill is at an advanced stage of drafting. The drafting process has involved significant legal and policy complexity. Officials are working intensively with the OPC at present, in consultation with NAMA, the IBRC Special Liquidators and the NTMA, to complete the drafting process. It is anticipated that the Bill will be published and brought before the Oireachtas in Q1 2026.
Pending the enactment of legislation to formally dissolve the Agency, NAMA continues to proceed with its deleveraging activity and the resolution of its residual loan book. The value of NAMA’s remaining portfolio is approximately €46 million as of 31 December 2025. NAMA is also managing around five active cases that involve outstanding litigation with a view to obtaining the best achievable outcome for the taxpayer.
