261 Nama and NTMA staff on over €100000

New figures provided by Finance Minister Paschal Donohoe show that at the end of last year, there were 98 employees at Nama on remuneration over €100,000 and 163 at the NTMA.

The numbers earning over €100,000 at Nama remained static at 98 compared to 2017 against the background of the numbers employed at Nama falling from 264 to 238.

The numbers earning over €100,000 at the NTMA rose by 22 year-on-year to 163 as the numbers employed at the NTMA rose from 526 to 556 in 2018.

According to figures provided by Minister Donohoe, one person at the NTMA was earning over €400,000 in 2018 with one individual at Nama in the same earning bracket.

The most recent accounts for the NTMA show that chief executive Conor O’Kelly received salary and taxable benefits of €485,000 in 2017 and Nama chief executive Brendan McDonagh received €422,807, made up of salary of €400,079 and taxable benefits of €22,728.

In his written Dáil response to Fianna Fáil’s Michael McGrath, Mr Donohoe revealed that seven staff at the NTMA were on remuneration between €300,000 an €400,000 in 2018 was seven, with zero in Nama. Minister Donohoe revealed that 15 NTMA staff were on €200,000 to €300,000 with seven at the Nama in the same earning bracket.

Minister Donohoue also confirmed that there were 90 staff at Nama (140 at the NTMA) earning between €100,000 and €200,000 last year.

In his written Dáil reply, he said: “Total remuneration includes base salary and any taxable benefits paid, including performance-related payments, paid in 2018 in respect of 2017.”

A spokesman for the NTMA said extra staff were required due to increased business volumes, as well as the NTMA’s requirement to provide staff and other services for the establishment of Home Building Finance Ireland.

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