Nama collects £710m in debts

The National Asset Management Agency said it had generated profits of €118m (£101m) in the second quarter of the year. The so-called bad bank set up by Irish government to take over toxic assets from the rest of the banking sector, said it had generated net cash of €828m (£710m) up to the end of June, after it collected almost €900m (£770m) from debtors.