John Perry (Sligo-North Leitrim, Fine Gael) | Oireachtas source

It is good to hear that NAMA has a strategy for consortia from outside Dublin because there is a two-tier economy operating at the moment. The commercial realities in Dublin are very different to those in the west of Ireland and in smaller towns and villages all over the country. Many people joined property consortia outside of their main business interests and they are finding it very difficult now. Looking back, perhaps things should have been done differently.

Mr. McDonagh made reference to the fact that 620 NAMA clients are working with the intermediary banks. While those banks may have the files and may be liaising with NAMA in terms of reaching an agreement on how to work out the debt, are they co-operating well with NAMA? A lot of NAMA's portfolio consists of loans that it took over from other banks. How is that being dealt with?