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Daly's term extended

NAMA chairman Frank Daly has had his appointment as chairman of the agency extended.

The reappointment will provide "stability and continuity" to NAMA, the Department of Finance said in a statement.

"Over the last five years Mr Daly has successfully performed the challenging and demanding mandate of the role of chairman of the NAMA board," Finance Minister Michael Noonan said.

"The success of NAMA to date is testament to Mr. Daly's effective performance as chairman," he added.