Gerry Adams (Louth, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

To ask the Minister for Finance the current estimated value of the National Asset Management Agency’s loan book; if he will provide a breakdown of the value of the US loan book, the British loan book, the European loan book and the Irish loan book, respectively; and if he will provide an update on NAMA plans for the sale of these loan books. [39692/12]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

The most recent segmental analysis of the carrying value of NAMA’s loans is set out on page 95 of the Agency’s Annual Report and Financial Statements for the year ended 31 December 2011. NAMA currently splits its loan portfolio by Ireland, the UK and the rest of the World. The analysis indicates total loans and receivables before impairment of €28.4 billion, €17.6 billion of which relates to Ireland, €8.7 billion to the UK and €2.1 billion to the rest of the World, including the US. I am advised by NAMA that all of its loans are potentially for sale at any point in time if an opportunity arises to realise the optimal commercial return consistent with section 10(2) of the NAMA Act. NAMA has recently established two loan sales advisory panels (one for Europe and one for the US) to provide a framework for the loan sales process as and when the correct opportunity arises. Actual sale transactions will depend on the level of investor interest and on whether such interest is reflected in competitive purchase bids for individual loans or loan portfolios.