Oireachtas Joint and Select Committees

Tuesday, 25 October 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

10:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

I am asking about income. I will not break it down. It could include rental income. I will not make a distinction. I am asking for information on NAMA's income. I thought I would ask a question to place this in a historical context. If the answer to my question is in today's documentation, that is fine. If not, perhaps it can be sent on to us. Will the witnesses give us a breakdown of the €4.7 billion NAMA took over from the participating institutions, namely, Anglo Irish Bank, Bank of Ireland and AIB? That information must be readily available to NAMA. Can the witnesses send it on to us? I do not need it from them this second. I would not expect them to have it. If we knew where these moneys arose from, it would place the loan book in a historical context. I accept that most of the discounts happened before the loans came to NAMA. We understand that. Is it normal practice for the reserve price to be published when a process like this is being initiated? Would it be considered good practice to tell the public, including any bidders, "Here is what we are looking for" by publishing the reserve price?

Comments

No comments

Log in or join to post a public comment.