Nama reports €220m profit

NAMA has reported profits of €220m for the third quarter of 2013.

Nama reports €220m profit

NAMA has reported profits of €220m for the third quarter of 2013.

Accounts released to TDs show the State's bad bank turned a profit of €273min the first nine months of last year.

It comes after it set aside over €385m to deal with loans that it believes developers may not pay back.

It means the bank has now set aside over €3.6bn in so-called "impairment charges".

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