Results 261-280 of 378 for nama speaker:Paschal Donohoe

Other Questions: Freedom of Information Legislation (14 Dec 2017)

Paschal Donohoe: I cannot comment on the particular incident that the Deputy has referred to in relation to NAMA because I am not aware of it. I cannot comment on something unless I have more information on it. By and large, public bodies should be retaining all of their records that support decisions, either in relation to individuals or policy matters. However, it is the case, certainly at political...

Other Questions: Freedom of Information Legislation (14 Dec 2017)

Paschal Donohoe: As I said, I will not comment on the NAMA matter that Deputy Wallace has raised with me until I have more information on it and I can see was that decision taken and why. When I have had a look at that, I will be in a position to comment better on the matter.

Written Answers — Department of Finance: NAMA Portfolio (14 Dec 2017)

Paschal Donohoe: I propose to take Questions Nos. 92 and 126 together. I wish to advise the Deputy that there has been no change to NAMA’s expectation that it will complete its work by 2020. The Agency announced in October that it had redeemed all of its €30.2bn in Senior Debt which was guaranteed by the State. However, notwithstanding the successful achievement of this primary and...

Written Answers — Department of Finance: National Treasury Management Agency Staff (14 Dec 2017)

Paschal Donohoe: ...NDFA 60 61 66 3 3 ISIF 36 41 44 1 24 Funding & Debt Management 21 20 24 NewERA 19 19 22 Finance, Technology and Operations 121 125 141 1 3 Corporate Services 53 57 64 1 18 NTMA Staff Assigned to NAMA, SBCI & Dept of Finance 362 331 293 3 9 Headcount 781 782 790 14

Written Answers — Department of Finance: NAMA Loan Book Value (14 Dec 2017)

Paschal Donohoe: The most recent details on NAMA's remaining portfolio are available in the Agency's quarterly section 55 accounts for Q2 of 2017.  This report is publically available under the Publications section of the NAMA website. In particular, page 29 of the section 55 accounts details the book value of NAMA's loan assets at 30 June 2017. As outlined in these accounts, the carrying value of...

Written Answers — Department of Finance: NAMA Operations (14 Dec 2017)

Paschal Donohoe: As the Deputy will be aware NAMA has now redeemed 100% of its guaranteed senior debt and expects to redeem its subordinated debt on its first call date 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. It is through the successful completion of these objectives that NAMA currently...

Written Answers — Department of Finance: NAMA Assets Sale (13 Dec 2017)

Paschal Donohoe: I am advised that NAMA did not own the property in question. Its role in relation to the property was as the secured lender. The property was owned and managed by the debtor, who had responsibility for the management of the sales process. I am advised by NAMA that the property in question was not sold during the period when the loans were owned by NAMA. Nor was there a binding legal...

Written Answers — Department of Finance: NAMA Staff Data (30 Nov 2017)

Paschal Donohoe: As outlined in my response to Dáil Question No. 199 of 20 September 2017, the NAMA voluntary redundancy scheme, which includes a retention element, was established to help safeguard NAMA’s performance, aid the Agency in retaining its operational capabilities through the retention of key staff during the course of its disposal strategy, and allow NAMA to fulfil its objective...

Written Answers — Department of Finance: Corporation Tax Regime (30 Nov 2017)

Paschal Donohoe: ...the fact that business cycles run over a longer period than just a single year and that it would be inequitable to tax profits in one year and not allow loss relief in the next.  Under the NAMA Act 2009 a new section – section 396C – was inserted into the Taxes Consolidation Act 1997. The provision limited the amount of prior-year losses that a NAMA participating...

Written Answers — Department of Finance: State Aid Investigations (30 Nov 2017)

Paschal Donohoe: In late 2015, a complaint was submitted to the Competition Directorate of the European Commission (DG Comp) by a small number of property developers - including some former NAMA debtors - alleging that there may be State aid implications to NAMA's providing financing for the development of commercially viable residential projects by some of NAMA's debtors and receivers. As the...

Written Answers — Department of Finance: Departmental Agencies Funding (30 Nov 2017)

Paschal Donohoe: ...which will provide funding directly into the market. HBFI will be designed to leverage off the extensive experience already available to the State to deliver this initiative and as such existing NAMA staff skills and expertise will be utilised to deliver this funding. However any lending provided in due course will be provided by HBFI which will be fully separate and will not impact...

Written Answers — Department of Finance: Departmental Bodies Data (28 Nov 2017)

Paschal Donohoe: ...Board has drawn down €22.615 million from the CUF for operational costs and for financial assistance to credit unions involved in restructuring projects. ** The expenses that the NTMA incurs are met by the Central Fund, ISIF, NAMA and SBCI.

Written Answers — Department of Finance: NAMA Property Sales (28 Nov 2017)

Paschal Donohoe: As Minister for Finance, I have no role in individual transactions as such commercial decisions are a matter for the NAMA Board. I am advised by NAMA that the asset in question is under the control of Savills as Receiver who appointed two property agents in 2015, JLL and Lisney, to openly market the property. I am further advised that the property was subsequently launched to the market...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: ..., under the National Asset Management Agency Act 2009 a new section, section 396C, was inserted into the Taxes Consolidation Act 1997. The provision limited the amount of prior year losses that a NAMA participating institution could offset against trading profits to 50% of trading profit for each accounting period. It should be noted that it did not disallow any tax losses from being...

Written Answers — Department of Finance: NAMA Debtor Agreements (9 Nov 2017)

Paschal Donohoe: As set out in my reply to Question No. 111 of 3 October 2017, 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...

Written Answers — Department of Finance: Departmental Contracts Data (7 Nov 2017)

Paschal Donohoe: ...has been completed Financial Services Ombudsman Bureau Capita Internal Audit Services €76,578.00 2014 2017 *Actual cumulative payments to YE2016; future payments will depend on level of activity and annual fees will decline as NAMA’s portfolio reduces. ** The NTMA assigns staff to the National Asset Management Agency (NAMA) and the Strategic Banking Corporation of Ireland...

Written Answers — Department of Finance: NAMA Property Sales (7 Nov 2017)

Paschal Donohoe: I am advised that NAMA does not own properties. Rather its role is as a secured lender and the properties remain under the control of the debtor, or where enforcement has taken place, the appointed receiver/administrator.  I am advised that the properties concerned are under the control of a receiver who has responsibility for their management and maintenance. In this regard, I am...

Ceisteanna - Questions - Priority Questions: Budget Measures (24 Oct 2017)

Paschal Donohoe: ...that will provide funding directly into the market. It will be designed to leverage off the extensive expertise already available to the State to deliver this initiative and, as such, existing NAMA staff skills and expertise will be utilised to deliver the funding involved. Any lending provided in due course will be made available by HBFI and will not impact on NAMA's existing objectives...

Written Answers — Department of Finance: NAMA Staff Data (24 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 20 and 21 together. I wish to advise the Deputy that disclosures furnished by NTMA employees who are assigned to NAMA, pursuant to section 42(3) of the NAMA Act 2009, are considered by the NTMA in conjunction with NAMA, prior to their assignment, to ensure compliance with section 42(2) of the Act. This section requires the NTMA to ascertain, to its...

Written Answers — Department of Finance: Housing Loans (24 Oct 2017)

Paschal Donohoe: ...in the day to day commercial decisions of the entity. HBFI will be designed to leverage off the extensive experience already available to the State to deliver this initiative and as such existing NAMA staff skills and expertise will be utilised to deliver this funding. Any services provided by NAMA to HBFI will likely be provided under a service level agreement with HBFI re-imbursing...