Ireland to close NAMA and exit bank ownership, ending bailout era

Ireland is taking the final steps to fully exit its post-2008 financial crisis banking intervention by selling its remaining state-owned bank shares and officially shuttering the National Asset Management Agency (NAMA).

Established during the global financial crash to absorb non-performing property loans from domestic lenders, the agency's wind-down marks the conclusion of a €64.1 billion state resolution process. Over the past decade and a half, the Irish government has progressively divested its equity holdings in major financial institutions. The final share sales and the formal closure of the state asset manager signal the banking sector's complete return to private ownership.

Sources: The Journal