Oireachtas Joint and Select Committees

Thursday, 20 September 2018

Public Accounts Committee

National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report

9:00 am

Mr. Brendan McDonagh:

We did play a role but we are bound by legislation. As the Chairman mentioned, 10,500 units have been facilitated and funded by NAMA. Over that, there are another 2,500 units, making a total of 13,000 units. During the period between 2002 and 2010, the number of units delivered under Part V, before NAMA existed, was 5,700. We have delivered 13,000. We have played our part and we have done so in the context of the legislation passed by these Houses that we have to respect fully.