Results 161-180 of 7,526 for nama

Written Answers — Department of Finance: NAMA Property Sales (18 Jul 2013)

Michael Noonan: I am advised by NAMA that to end-May 2013 its debtors and receivers had recorded 3,800 cash receipts in respect of asset sales totalling €8.26bn. NAMA advises that cash receipts may relate to the sale of individual properties or the sale of multiple property units as well as the sale of non-real estate assets. Included in these cash receipts are the sale of 5,500 individual property...

Written Answers — Department of Finance: NAMA Court Cases (18 Jul 2013)

Michael Noonan: I propose to take Questions Nos. 127 and 169 together. I am advised by NAMA that it has instigated proceedings for the recovery of debt against a number of NAMA debtors, including the initiation of actions for the reversal of asset transfers, actions arising from bankruptcy proceedings and high value repossessions, and that there are currently 33 such proceedings on-going. The Deputy may...

Written Answers — Department of Finance: NAMA Portfolio (12 Jul 2016)

Michael Noonan: I propose to take Questions Nos. 183 to 185, inclusive, together. NAMA is bound by both statutory and contractual obligations of confidentiality. Neither NAMA nor I can comment on individual cases. Specifically, NAMA is, as the Deputy may be aware, subject to similar requirements as banks and other lenders that do not allow them to disclose information relating to individual debtors...

Written Answers — National Asset Management Agency: National Asset Management Agency (22 Mar 2012) See 2 other results from this answer

Michael Noonan: I am advised by NAMA that it proposes to sell property at arm's length to Qualifying Investor Funds which will not be under its control and that it is not normal practice for the seller in such instances to have access to the list of shareholders in the funds. Section 172(3) of the NAMA Act operates to prohibit developers, or companies they control, whose loans have been transferred to NAMA...

Written Answers — Department of Finance: NAMA Staff Data (30 Jun 2015)

Michael Noonan: I am advised by NAMA that 17 NTMA staff assigned to NAMA under Section 42 of the NAMA Act were placed on garden leave during 2014 with an attributable cost of approximately €400,000 inclusive of Employer's PRSI.NTMA staff are employed on the basis of confidential individually negotiated contracts. I am further advised by NAMA that garden leave does not represent an incremental...

Written Answers — Department of Finance: NAMA Staff Numbers (13 May 2014)

Michael Noonan: I am advised that 374 NTMA staff are currently, in accordance with Section 41 of the NAMA Act, assigned to NAMA.  I am advised that NAMA is appropriately staffed to deal with its current workload.  As the Deputy states, the Special Liquidators of IBRC have confirmed that they now expect that the proceeds from the sale of IBRC assets will be sufficient to fully discharge the...

Written Answers — Department of Finance: NAMA Debtors (20 Sep 2012)

Gerry Adams: To ask the Minister for Finance the number of borrowers in the National Asset Management Agency who have one or more performing assets in NAMA; if these NAMA borrowers are allowed recoup income from the performing NAMA asset as well as the salary which the borrower is receiving from NAMA in accordance with their business plans with NAMA; and if he will make a statement on the matter. [39690/12]

Written Answers — Department of Finance: NAMA Portfolio Issues (18 Jul 2013)

Michael Noonan: NAMA advises that detail on the breakdown of property securing its loans, by asset class and county, is provided in its Annual Report and Financial Statements for 2011, which is available on the NAMA website, www.nama.ie. NAMA is prohibited under Section 99 and 202 of the NAMA Act from disclosing confidential information, including in respect of individual debtor properties. A full list of...

Committee on Environment, Culture and the Gaeltacht: Select Sub-Committee on the Environment, Community and Local Government: Urban Regeneration and Housing Bill 2015: Committee Stage (30 Jun 2015)

Michelle Mulherin: ...will levy the local authority? I know we have an opportunity to submit amendments up until tomorrow. On Second Stage I raised a question on the considerable number of development sites that NAMA controls. I wish to ensure that any property under the care and control of NAMA is treated in the same way as if NAMA owned the property. We know that in many instances developers are...

Written Answers — National Asset Management Agency: National Asset Management Agency (27 May 2010)

Brian Lenihan Jnr: NAMA purchases eligible land and development loans and certain associated loans from participating institutions and manages these loans with the intention of generating the best possible return. NAMA does not directly purchase property or land. I am advised by NAMA that there are no local authority loans due for transfer to NAMA from a participating institution. Furthermore, there is no...

National Asset Management Agency: Motion [Private Members] (20 Oct 2015)

Michael Noonan: ...with allegations of wrongdoing on the buyer side of this transaction are entirely wrong; — despite all the confusion and conflation in the coverage of this matter, the fact is that there are no claims of wrongdoing against NAMA; and — NAMA is already subject to a high level of public accountability compared to other commercial bodies, including commercial bodies in the...

Written Answers — Department of Finance: NAMA Assets Sale (2 May 2017)

Michael Noonan: I propose to take Questions Nos. 271 and 272 together. The Deputy will be aware that Section 9 of the NAMA Act provides that NAMA is independent in the performance of its functions and that, under Section 10 of the Act, its primary objective is to obtain the best achievable financial return for the State from its acquired loan portfolio. In this regard, I am advised that NAMA is...

Written Answers — National Asset Management Agency: National Asset Management Agency (20 Sep 2011)

Michael Noonan: With regard to the Deputy's contention that there are delays in the business plan review process, I understand from NAMA that significant progress has been made over recent months and that, as of end-August 2011, NAMA had completed its review of the plans of 113 of the 180 debtors whose loans it is managing directly. These 113 debtors account for some 75% of the total nominal value of debts...

Written Answers — Department of Finance: NAMA Portfolio (13 Jul 2017)

Paschal Donohoe: ...to take Questions Nos. 112 and 197 together. I currently have no plans to wind down the Agency prior to, or beyond, its current expected time frame. It is too early to speculate whether NAMA will have made sufficient progress on its three primary business lines - ongoing deleveraging; Dublin Docklands SDZ programme; residential delivery funding...

Written Answers — Department of Finance: NAMA Operations (22 Jun 2017)

Paschal Donohoe: As Minister for Finance, I have a specific obligation to review and assess NAMA's activities under Section 227 of the NAMA Act.  The establishment of a Commission of Investigation does not alter this obligation, nor my intention to carry out such a review in due course. The Deputy will be aware that Department of Finance officials previously prepared a...

Written Answers — Department of Public Expenditure and Reform: Legal Costs (7 Jul 2015)

Brendan Howlin: The total of legal fees incurred by the Office of the Commissioner for Environmental Information (OCEI) to date in the case of NAMA v Commissioner for Environmental Information is €97,000.  It is expected that additional fees will be incurred in the coming weeks. The total of all legal fees incurred by the OCEI since its inception to date, including those for the NAMA case, is...

Written Answers — Department of Finance: NAMA Operations (28 Jan 2016)

Michael Noonan: A total of six directions, pursuant to Section 14 of the NAMA Act 2009, have been made to the Agency since its inception. One additional function, pursuant to Section 11(3) of the NAMA Act, has been conferred upon NAMA since inception. All directions and statutory instruments issued under the NAMA Act are laid before each House of the...

Written Answers — National Asset Management Agency: National Asset Management Agency (14 Dec 2011)

Michael Noonan: NAMA informs me that it has met with one interest group and has also been contacted by a local authority regarding this property. This property is listed on the NAMA website as one of the properties subject to enforcement action. I understand from NAMA that the property has been offered for sale on the open market by a receiver, RSM Farrell Grant Sparks, appointed by NAMA. The receiver...

Written Answers — Department of Finance: NAMA Operations (23 Jun 2015)

Michael Noonan: As previously outlined in my response to Dail Question 26 on 7th May 2015, I am advised that the NAMA Chief Executive, in his opening address to the Public Accounts Committee on 18 December 2014, stated that NAMA is aiming to redeem a cumulative 80% (€24 billion) of its Senior Bonds by the end of 2016 and that it hopes that it will have redeemed all of its...

Written Answers — Department of Finance: NAMA Property Sales (3 May 2017)

Michael Noonan: The Deputy will appreciate that NAMA's engagement with its debtors and any decisions it makes arising from that engagement are confidential matters for the NAMA Board in line with its statutory independent mandate. The Deputy will be aware that NAMA owns and sells loans and not property. Separately, assets securing NAMA's loans are owned by the debtor or receiver. As such...

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