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Information about the FOI body

The National Treasury Management Agency (NTMA) provides a range of asset and liability management services to Government. These services include borrowing on behalf of the Government and management of the National Debt, the State Claims Agency, NewERA, the Ireland Strategic Investment Fund and the National Development Finance Agency. It also assigns staff and provides business and support services and systems to the National Asset Management Agency and the Strategic Banking Corporation of Ireland.

The NTMA was established under the National Treasury Management Agency Act 1990, as amended. Links to the relevant legislation are listed below:

National Treasury Management Agency Act, 1990

National Treasury Management Agency (Amendment) Act, 2000

National Treasury Management Agency (Amendment) Act 2014

  • Codes of Practice or Guidance

    Details of Code of Conduct can be found here.

  • Governance/Management Arrangements

    The National Treasury Management Agency (the “Agency”) comprises nine members. Six members, including the Chairperson, are appointed by the Minister for Finance. The Chief Executive of the NTMA and the Secretaries General of the Departments of Finance and Public Expenditure and Reform are ex-officio members of the Agency. The Agency reports to the Minister for Finance.

    The term of office of an appointed member is five years, other than the initial appointed members of whom two members are appointed for three years and two members are appointed for four years.

    Further information:

    The NTMA structure:

    NTMA Governance Structure

  • Roles, responsibilities and functions of the FOI body

    The NTMA manages a range of public assets and liabilities through a number of business areas. A brief description of each of the areas is set out below. Further details are available by clicking on the links provided.

    Funding and Debt Management

    The Funding and Debt Management Unit (FDM) of the NTMA is responsible for borrowing on behalf of the Government and managing the National Debt in order to ensure liquidity for the Exchequer and to minimise the interest burden over the medium-term.

    Further details can be found on the NTMA website.

    State Claims Agency

    Acting as the State Claims Agency (SCA), the NTMA manages personal injury, property damage and clinical negligence claims brought against certain State authorities, including Government ministers and health enterprises. It also has a risk management role, advising and assisting State authorities in minimising their claim exposures.

    Further details can be found on the SCA’s website.  

    NewERA

    The purpose of NewERA is to provide a dedicated centre of corporate finance expertise to Government taking a commercial approach to the oversight of certain State companies. This includes advising on the governance of the State companies and their respective financial and commercial operation, including the expected rate of return on capital and appropriate dividend policy. In addition, NewERA may, in consultation with the relevant Minister, develop proposals for investment in the energy, water, telecommunications and forestry sectors to support economic activity and employment.

    Further details can be found on the NewERA section of the NTMA website.

    Ireland Strategic Investment Fund

    The NTMA controls and manages the Ireland Strategic Investment Fund (ISIF), which was established in December 2014 with a statutory mandate to invest on a commercial basis in a manner designed to support economic activity and employment in the State. The assets of the National Pensions Reserve Fund (NPRF) became assets of the ISIF on the ISIF’s establishment (except for assets governed by foreign law which remain NPRF assets until their transfer). €7.1 billion in the NPRF “discretionary portfolio” will be available for investment in accordance with the ISIF’s mandate as set out above. €13.3 billion in the NPRF’s “directed portfolio” will continue to be managed at the direction of the Minister for Finance.

    Further details can be found on the ISIF section of the NTMA website.

    National Development Finance Agency

    The National Development Finance Agency (NDFA) is the statutory financial advisor to State authorities in respect of all public investment projects with a capital value over €20 million. It also has full responsibility for the procurement and delivery of Public Private Partnership projects in sectors other than transport and the local authorities. It performs its functions through the NTMA.

    Further details can be found on the NDFA’s website.

    The NTMA also provides staff and business support services to:

    National Asset Management Agency

    The National Asset Management Agency (NAMA) was established in 2009 as part of a range of measures introduced by the Government to safeguard the viability of a number of systemically important financial institutions. It has acquired certain loan assets (land and development and associated loans) in exchange for Government-guaranteed securities issued directly to the institutions. Its mandate is to manage acquired assets to obtain the best achievable financial return for the State. The NTMA assigns staff to NAMA and provides NAMA with business and support services.

    Further details can be found on NAMA’s website.

    Strategic Banking Corporation of Ireland

    The Strategic Banking Corporation (SBCI) is a new company established in 2014 to avail of both national and international sources of funding for the purpose of making low-cost credit available to Irish SMEs. Credit will be provided through on-lending institutions who, in turn, will lend directly to SMEs. Funding for the SBCI has been provided from KfW (the German State Development Bank), the European Investment Bank and the Ireland Strategic Investment Fund.

    Further details can be found on the SBCI’s website

    Examples of the classes of corporate records held by the NTMA are:
    • Policies and Procedures
    • Facilities Records
    • HR Records
    • Information Governance Records
    • Continuous Improvement Records
    • Procurement Records
    • Risk Records
    • Financial Records
  • Corporate Plans and Strategies

    Mission and Values

    The NTMA has formulated a mission statement to encapsulate the central purpose of the organisation across its business areas and a set of core values to guide our behaviour and decision-making.

    Mission Statement

    To manage public assets and liabilities commercially and prudently.

    Values
    • We act commercially while fulfilling our public service responsibilities.
    • We act with honesty and integrity.
    • We are results focused and are each accountable for the work we do.
    • We are adaptable and proactive.
    • We value our people and treat each other with dignity and respect.

    The NTMA publishes a quarterly bond auction schedule which can be found in the News section of the website.

    Read the investment strategy for the Ireland Strategic Investment Fund.

  • Annual Report

    The 2016 NTMA Annual Report can be accessed here.

  • Organisation and Pay/Grading Structures

    Current pay/grading structures within the NTMA can be accessed in our 2016 Annual Report.

  • Access to Information, Locations and Contact Details for the Organisation

    The NTMA routinely publishes information about the functions that it undertakes. Details can be found through the NTMA and related websites via the following links:

    Accessing information or records

    The NTMA has a number of routes for accessing information:

    1.Freedom of Information (FOI)

    The NTMA became subject to the FOI Act 2014 on 14 April 2015 and is defined in the Act as being a “partially included agency”. This means that members of the public have a right of access to some records held by the NTMA, but not all. Further information is available on our FOI homepage.

    2. Data Protection (DP)

    The NTMA is subject to the Data Protection Acts 1998 and 2003. Further details are available on our Data Protection homepage.

    3. Access to Information on the Environment (AIE)

    The NTMA is subject to the Access to Information on the Environment Regulations 2007, as amended. Further information is available on our AIE homepage.

    Media queries

    The NTMA’s press office facility is provided by Gordon MRM.

    If you are a journalist and have a query about the NTMA (including the ISIF, NDFA, SCA and NewERA), please email the press office team at ntma@gordonmrm.ie

    General queries

    For general queries you can contact us at:

    National Treasury Management Agency
    Treasury Building
    Grand Canal Street
    Dublin 2
    Phone +353 1 238 4000
    Email: info@ntma.ie

    National Development Finance Agency
    Treasury Building
    Grand Canal Street
    Dublin 2
    Phone +353 1 238 4000
    Email: info@ndfa.ie

    State Claims Agency
    Treasury Building
    Grand Canal Street
    Dublin 2
    Phone +353 1 238 4900
    Email: stateclaims@ntma.ie