Tommy Broughan (Dublin North East, Independent)
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Question 158: To ask the Minister for Finance the mechanism his Department has created so that taxpayers can be assured that from November 2010 the National Asset Management Agency discount valuation of the final tranche of loans from the Irish banks is accurate; if the figures reported to the Dáil on 30 September 2010 are the final figures and will not be revised upwards; and if he will make a statement on the matter. [36678/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The actual discounts on the remaining NAMA transfers will only be known to 100% accuracy following the completion of loan by loan due diligence and the valuation exercise by NAMA. The NAMA discounts quoted by me in my statement of 30th September were estimated by NAMA taking account of the detailed loan-by-loan data available to the agency from the transfer of the first two tranches and supplemented by information now available to it on the remaining loans. With this detailed information NAMA has been able to refine to a reasonable degree of accuracy its estimates of the discounts on the remaining loans to be transferred. The Deputy will be aware that the transfer process is expected to be completed by the end of the year.