Oireachtas Joint and Select Committees
Friday, 20 December 2013
Public Accounts Committee
2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
1:20 pm
Mr. Brendan McDonagh:
It depends on the commercial situation. We have sold portfolios of loans and we have sold portfolios of individual properties across a number of debtors or receivers. Generally, however, the majority of transactions are basically bilateral - the debtor and NAMA agreeing that this asset will be put up for sale. An agent will be appointed and it will be openly marketed.
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