National Asset Management Agency Act 2009
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Purposes of NAMA. |
10.— (1) NAMA’s purposes shall be to contribute to the achievement of the purposes specified in section 2 by— | |
(a) the acquisition from participating institutions of such eligible bank assets as is appropriate, | ||
(b) dealing expeditiously with the assets acquired by it, and | ||
(c) protecting or otherwise enhancing the value of those assets, in the interests of the State. | ||
(2) So far as possible, NAMA shall, expeditiously and consistently with the achievement of the purposes specified in subsection (1), obtain the best achievable financial return for the State having regard to— | ||
(a) the cost to the Exchequer of acquiring bank assets and dealing with acquired bank assets, | ||
(b) NAMA’s cost of capital and other costs, and | ||
(c) any other factor which NAMA considers relevant to the achievement of its purposes. |