Results 1-16 of 16 for nama speaker:Alan Dillon

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Alan Dillon: I again thank our witnesses for joining us. I also wish to follow up on the sale of the loan at a discount of 97.5%. As other members have said, it is absolutely shocking. The remit of NAMA was to ensure the best financial outcome for the State. We have certainly failed significantly in this regard. Will Mr. McDonagh detail the decision-making process behind such a sale and how NAMA...

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Alan Dillon: Mr. McDonagh has answered that and I thank him for that. I will move on and ask about NAMA's timeline. Why did it get extended by five years despite the initial plan? What went wrong?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Alan Dillon: NAMA's profits have plummeted from €195 million in 2021 to €81 million in 2022. Can Mr. McDonagh give us the reason why?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Alan Dillon: The cumulative transfer to the Exchequer amounted to €3.5 billion towards the end of 2022, and then NAMA transferred €500 million to the Exchequer. What was done and where is that money now?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Alan Dillon: I refer to social housing. NAMA has provided 2,600 social housing units, which is commendable. What is the plan moving forward and for the next two years?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Alan Dillon: How many affordable houses has NAMA delivered, of the target of 20,000?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Alan Dillon: I refer to NAMA's operational costs. How are they run? To the end of 2022 they were just over €1.1 billion. Are there any specific measures NAMA is taking to control operational costs? In its direction towards 2025, how does NAMA intend on seeing that reduced?

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Alan Dillon: I thank the Chairman and welcome the NAMA officials. My first question is to Mr. McDonagh. Will he please outline to the committee whether there have been any discussions between NAMA, in its wind-down operations, and the LDA? What discussions have taken place to date?

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Alan Dillon: How much social housing is NAMA looking to transfer to the LDA?

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Alan Dillon: On the exercise of options to purchase shares, for the benefit of the committee, will Mr. McDonagh explain the reason behind the purchase of the remaining 51 shareholdings in NAMA's investment from private investors?

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Alan Dillon: Just so I am clear, did that repurchasing of these private investors' shareholdings allow NAMA to make the transfer of the first tranche of the terminal surplus?

Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020)

Alan Dillon: I welcome Mr. McDonagh and the other witnesses to the committee. I will primarily focus on the organisation and staff of NAMA. I see from the report that NAMA has had year-on-year growth in staff numbers from 2010 to 2014, resulting in 369 employees at the end of 2014. What are the current numbers of staff in contracted employment with NAMA? What is the gender balance of that? What...

Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020)

Alan Dillon: Mr. McDonagh said that in 2019, NAMA had 211 employees. Some 19 of these were made redundant, sharing €1.01 million in redundancy payments. In light of NAMA's wind-down, how many redundancies is it expecting in 2020 and what strategies is it using to retain staff?

Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020)

Alan Dillon: Does NAMA record that?

Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020)

Alan Dillon: Mr. McDonagh has answered my question on garden leave, on top of redundancies. Does Mr. McDonagh feel that was appropriate and will we see that happening in the future? I see that NAMA has reduced the outstanding loans to €1.8 billion and the number of debtors to over 200. Mr. McDonagh said that NAMA should be wound down by 2025 so will there be a year-by-year reduction in redundancies?

Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020)

Alan Dillon: I have one final question on the commercial strategy around the Poolbeg strategic development zone, SDZ, and also around the docklands. Where is NAMA with regard to both of those commercial strategies?