Results 121-140 of 296 for nama speaker:Paschal Donohoe

Written Answers — Department of Finance: NAMA Property Sales (27 Jun 2017)

Paschal Donohoe: I am advised by NAMA that the asset to which the Deputy refers was one of numerous assets securing a loan portfolio which NAMA sold in 2016 following an open and competitive sales process. The Deputy will be aware that information relating to the valuation of specific assets and the value of the loans those assets secure is confidential and commercially sensitive...

Written Answers — Department of Finance: NAMA Operations (11 Oct 2017)

Paschal Donohoe: I wish to advise the Deputy that NAMA invests in projects with third parties on a joint venture basis from time to time. I am advised that NAMA takes a minority non-controlling interest in the investment in order to facilitate the delivery of commercial and residential property and in order to achieve the best financial return for the State, as set out in Section 10(2) of the NAMA Act....

Written Answers — Department of Finance: NAMA Loan Book Value (29 Mar 2018)

Paschal Donohoe: The most recent details on NAMA's remaining portfolio are available in the Agency's quarterly section 55 accounts for Q3 of 2017 which are laid before the Houses of the Oireachtas and which are publically available on the NAMA website. The latest accounts for Q3 2017 outline that the carrying value of the Agency’s remaining loan portfolio, as at 30 September 2017, net of cumulative...

Written Answers — Department of Finance: Fiscal Policy (13 Jul 2017)

Paschal Donohoe: ...Commission applying an interest bearing deposit. Additionally, aside from financial penalties there could be a potential for adverse debt market outcomes and reduced confidence in the Irish economy. Currently NAMA expects to redeem 100% of its guaranteed senior debt by the end of 2017 and expects to redeem its subordinated debt in March 2020.  NAMA will focus on...

Written Answers — Department of Finance: NAMA Social Housing Provision (15 Jan 2019)

Paschal Donohoe: I propose to take Questions Nos. 175 and 177 together. I am advised by NAMA that it no longer has any involvement with the Player Wills site. The loans attaching to the site were fully repaid at par value by the borrower in late December 2018 and NAMA accordingly was obliged to release its legal charge over the site. It is important to note that NAMA does not own or control property,...

Written Answers — Department of Finance: National Asset Management Agency (3 Mar 2021)

Paschal Donohoe: I propose to take Questions Nos. 211 and 213 together. I am advised that NAMA leases office space from the NTMA. In 2019, the NTMA moved to a new premises at Treasury Dock, North Wall Quay. Accordingly, NAMA also moved its offices to the new premises. Fit out of the entire space was required prior to occupation by the NTMA and NAMA. The NAMA CEO’s office is located on the 2nd floor of...

Written Answers — Department of Finance: NAMA Accounts (19 Jun 2018)

Paschal Donohoe: I wish to advise the Deputy that, as outlined in its recent 2017 Annual Report, NAMA expects to return a surplus to the State in the region of €3.5bn, subject to prevailing market conditions, when it completes its work. This is an increase of €500m from the previous estimate in its 2016 Annual Report, and a testament to the progress that NAMA has made in achieving its primary...

Written Answers — Department of Finance: NAMA Social Housing Provision (25 Sep 2018)

Paschal Donohoe: ...Services (NARPS) was established in 2012 as a special purpose vehicle in order to expedite the delivery, for social housing, of residential properties from the portfolio of assets controlled by NAMA debtors and receivers. NARPS purchases properties directly from NAMA debtors and receivers at market value and then onward leases these properties to local authorities and approved housing...

Written Answers — Department of Finance: NAMA Operations (29 Mar 2018)

Paschal Donohoe: I wish to advise the Deputy that there has been no change to NAMA's expectation that it will complete the majority of its work by end-2020. The Deputy will be aware that NAMA reached a major milestone in October 2017 when it announced that it had redeemed all of its State-guaranteed Senior Bonds of €30.2bn, three years ahead of schedule. I am advised that NAMA has also made...

Written Answers — Department of Finance: NAMA Accounts (8 May 2019)

Paschal Donohoe: I wish to advise the Deputy that NAMA’s currently projected surplus of €3.5 billion is expected to be available for return to the State when the Agency substantially completes its work in 2020/2021. NAMA is on track to have repaid all its subordinated debt and to have reimbursed the private shareholders in the NAMA Investment DAC by that time. It is important to note that...

Written Answers — Department of Finance: NAMA Operations (26 Jul 2017)

Paschal Donohoe: Currently NAMA expects to redeem 100% of its guaranteed senior debt by the end of 2017 and expects to redeem its subordinated debt in March 2020.  NAMA will focus on completing its ongoing deleveraging, its Dublin Docklands SDZ and residential funding programmes in the interim period to 2020. NAMA's 2016 Annual Report, which provides further insight...

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Paschal Donohoe: We previously engaged in a good discussion on the need to review the activities of NAMA continually to ensure it delivers on the objectives laid down in the Bill. Section 224(3) states: As soon as may be after 31 December 2012, and every 5 years after that while NAMA continues in existence, the Minister— (a) shall assess the extent to which NAMA has made progress toward achieving its...

Written Answers — Department of Finance: NAMA Property Sales (20 Sep 2018)

Paschal Donohoe: I wish to advise the Deputy that as Minister, I have no role to play in NAMA’s operations or in its commercial decisions. NAMA is prohibited, under Section 99 and Section 202 of the NAMA Act 2009, from disclosing confidential information relating to its debtors and for that reason, I do not propose to make any comment in relation to the particular issue raised by the Deputy. In...

Ceisteanna Eile - Other Questions: NAMA Transactions (17 Apr 2019)

Paschal Donohoe: ...will be delivered by the Tánaiste in early May and that input for this response is currently being gathered, including in my Department. In the context of the UN communication relating to NAMA, I wish to clarify a number of points.  First, I am advised that the reference to a figure of 93% in the letter refers to loan sales only and does not include sales of property assets...

Written Answers — Department of Finance: National Asset Management Agency (23 Sep 2020)

Paschal Donohoe: I wish to advise the Deputy that NAMA may provide funding to its debtors and receivers to protect and enhance their assets so as to optimise their income-producing potential and disposal value. This is in accordance with section 10 of the NAMA Act which states that NAMA is required to protect or enhance the value of its acquired assets and to obtain the best achievable financial return for...

Written Answers — Department of Finance: NAMA Operations (29 Jan 2019)

Paschal Donohoe: The Deputy will be aware that NAMA does not own or control property, rather NAMA owns loans for which the properties act as security. I am advised that the properties concerned are under the control of the court-appointed administrator of a deceased person’s estate and that NAMA is a secured creditor. The Deputy will be aware that one of the primary duties of an administrator is to...

Written Answers — Department of Finance: National Asset Management Agency (28 Apr 2022)

Paschal Donohoe: NAMA have advised that they are currently compiling this information, however as the PQ requests data spanning NAMA's lifetime, NAMA are not in a position to finalise this within the given timeframe. As a result, I will provide this information directly to the Deputy once it is available.

Written Answers — Department of Finance: National Asset Management Agency (16 Nov 2021)

Paschal Donohoe: As indicated in my response of 2ndNovember 2021 to Questions 246, 247, 253, 265, 266, NAMA’s loans are secured by an estimated 638 hectares of land of which 426 of these hectares have residential zoning and will be suitable for residential development between now and 2035. 212 hectares are not currently zoned residential. A breakdown of this land by planning status and unit capacity,...

Written Answers — Department of Finance: Social and Affordable Housing (8 Dec 2020)

Paschal Donohoe: As the Deputy may be aware, National Asset Residential Property Services DAC (NARPS) is a NAMA subsidiary which operates by purchasing suitable residential units directly from NAMA debtors and receivers and leasing them on to Local Authorities or Approved Housing bodies for social housing use. I am advised by NAMA that NARPS currently owns 1,372 properties, all of which are leased directly to...

Written Answers — Department of Finance: NAMA Operations (13 Nov 2019)

Paschal Donohoe: As part of its Annual Report for 2018, NAMA revised its projected surplus to be returned to the State upwards to €4 billion. This was reaffirmed in the Section 53 Annual Statement 2020 which was recently laid before the Houses of the Oireachtas. The realisation of this surplus depends on the success of NAMA’s ongoing deleveraging and completion of its Dublin Docklands SDZ and...