Dáil Éireann Debate, Monday - 11 September 2023
502. Deputy Richard Boyd Barrett asked the Minister for Finance the full-year cost of running NAMA, including details of number of employees, the average earnings of a NAMA employee and the range of incomes of these employees; and if he will make a statement on the matter. [39416/23]
View answerI have been advised by NAMA that the information requested by the Deputy is publicly available in NAMA’s 2022 Annual Report and Financial Statements which is published on the NAMA website.
The relevant information can be found within the Report as set out below:
• NAMA’s administration expenses for the full year to end-2022 is: €43.9 million. The breakdown of administration expenses is set out in the Financial Statements Note 13 (p.88).
• 110 NAMA staff* at end-2022.
• Information relating to Staff Costs is published in the Financial Statements, Note 13.1. The range of salary paid in 2022, in bands of €25,000, can be found on p.91.
• The average basic pay during 2022 was €104,000.
NAMA’s operational and staff costs are reducing annually and are expected to further reduce in line with the operational wind-down of the Agency, to conclude by end-2025.
*NAMA has no employees. All personnel are employed by the NTMA and the remuneration cost of staff who are engaged full time in the NAMA business are recharged to NAMA by the NTMA.
