Oireachtas Joint and Select Committees

Thursday, 13 June 2019

Public Accounts Committee

Business of Committee

9:00 am

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

The agency's annual report and financial statement for 2018 have been published and laid before the Oireachtas. It records an after-tax profit of €795 million for the year. NAMA is now stating that, subject to market conditions, its projected lifetime surplus is up from €3.3 billion to €4 billion. I had a quick look at the summary and it shows that the agency has disposed of 93% of its loans. It is nearly there. The Comptroller and Auditor General is producing a special report on Project Nantes which, I understand, is expected to be completed in the autumn. We will schedule a meeting with NAMA to discuss its financial statements and Project Nantes at that stage. Will Mr. McCarthy confirm the expected timescale for completion of the report?

Comments

No comments

Log in or join to post a public comment.