Oireachtas Joint and Select Committees

Thursday, 26 September 2013

Public Accounts Committee

Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency

12:20 pm

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

In terms of the IBRC and the valuation of the loans, what is NAMA’s involvement in the valuations at which the loans are being taken over? What is NAMA’s general view on that? NAMA has €4.1 billion in cash at the moment. What does it intend to do with it? I would also like an indication in terms of the SME sector.

The availability of office accommodation arises in terms of IDA Ireland. I will ask a local question. IDA Ireland came before the committee recently and expressed concern about the availability of office accommodation in Limerick city centre in terms of attracting foreign direct investment. What plans does NAMA have in that area? We would like to have a full array of office accommodation to attract multinational companies who it is clear are keen to come to Limerick.

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