The country's 'bad bank' has completed the transfer of €1.93bn worth of loans from Bank of Ireland at a discount of 35%.
NAMA securities worth €1.26bn have now been issued to the bank.
So far, NAMA has transferred the first tranche of loans from three financial institutions.
It already has loans from Irish Nationwide Building Society and EBS on its books.
The agency will acquire loans from AIB and Anglo Irish Bank in the coming days.
The International Monetary Fund has described the transfer of the first loans to NAMA as an "important step in the recovery of the country's financial sector".
Speaking at a news briefing in Washington yesterday a spokesman said the Government's actions have been vital to maintaining "financial stability" in this country.