Ireland's Bad Bank Unveils Strategic Plan for Winding Down Operations by 2025

In a significant development, Ireland’s state-owned "bad bank," known officially as the National Asset Management Agency (NAMA), has announced its roadmap for winding down operations by the year 2025. Established in the aftermath of the 2008 financial crisis, NAMA was initially mandated to rescue the country’s banking sector by acquiring distressed assets and non-performing loans. However, recent communications from NAMA indicate a shift in focus as it prepares for the final phases of its operational lifecycle.

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