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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-officiomembers 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:

    • Agency Members
    • Agency Committees
    • Agency Management

    The NTMA 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 on 22 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 ISIF’s predecessor was the National Pensions Reserve Fund. The ISIF’s “Discretionary Portfolio,” which invests in line with the mandate as set out above, was valued at €8.0 billion as at 30 June 2016. The ISIF’s “Directed Portfolio” (public policy investments made at the direction of the Minister for Finance) was valued at €13.3 billion.

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

    National Development Finance Agency

    Acting as the National Development Finance Agency, the NTMA provides financial advice to State authorities in respect of those public investment projects which are referred to it, with a capital value over €75m. The NDFA may also provide financial advice to State Authorities on certain projects below this threshold. It also procures and delivers Public Private Partnership (PPP) projects as requested by State authorities (with certain exceptions such as Transport Infrastructure Ireland) and directly procures certain Exchequer-funded projects on behalf of the Department of Education and Skills.

    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 of Ireland (SBCI) was set up in September 2014 to ensure that SMEs in Ireland have access to stable, lower cost, long-term funding options. As a state-owned promotional institution, and in common with its more established European peers, the SBCI has become an integral part of the business finance framework.

    Further details can be found on the SBCI's website.

    HBFI

    HBFI is a private company formed under the Companies Act 2014 and the Home Building Finance Ireland Act 2018. HBFI is wholly owned by the Minister for Finance and has been established for the purpose of funding the construction of new homes in Ireland. It is a commercial entity, providing finance at market rates for commercially viable residential developments.

    Further details can be found on the HBFI 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 2022 NTMA Annual Report can be accessed here.

• Organisation and Pay/Grading Structures

  • Current pay/grading structures within the NTMA can be accessed in our 2022 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:

    • The NTMA
    • The NDFA
    • The SCA

    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 1988 to 2018. 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 Dock
    North Wall Quay
    Dublin 1
    D01 A9T8
    Phone +353 1 238 4000
    Email: info@ntma.ie

    National Development Finance Agency
    Treasury Dock
    North Wall Quay
    Dublin 1
    D01 A9T8
    Phone +353 1 238 4000
    

    State Claims Agency
    Treasury Dock
    North Wall Quay
    Dublin 1
    D01 A9T8
    Phone +353 1 238 4900
    Email: stateclaims@ntma.ie