Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

NAMA makes commercial decisions. Its mandate specifically is to have the best return possible for the Irish taxpayer. That means selling at the cost of acquisition or, better, at a profit.

NAMA is selling a great deal of property. Its total indebtedness is €30 billion and there is a schedule of repayments. It is obliged to pay 25% of that back by Christmas and it will pay that back. It will be paying back the last instalment to bring the repayment to €7.5 billion in December.

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