Oireachtas Joint and Select Committees
Thursday, 13 June 2019
Public Accounts Committee
Business of Committee
9:00 am
Seán Fleming (Laois, Fianna Fail)
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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?