Oireachtas Joint and Select Committees

Wednesday, 22 October 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Operations and Functions: National Asset Management Agency

5:20 pm

Photo of Peter MathewsPeter Mathews (Dublin South, Independent) | Oireachtas source

They should not have been because they are not carrying out proper commercial policy themselves in writing down their own loan masses to collectable receivable amounts.

NAMA has disposed of approximately €17 billion worth, at cost, of assets out of the €32 billion, leaving approximately €14.5 billion or €15 billion at cost. Is the income off those remaining financial assets proportionately as large as those it disposed of? I suspect that those it has disposed of had a proportionately larger income. They were the low-hanging fruit.

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