Results 301-320 of 378 for nama speaker:Paschal Donohoe

Written Answers — Department of Finance: IBRC Expenditure (11 Sep 2017)

Paschal Donohoe: ...has been no increase in the rates of fees charged by the Special Liquidators of Irish Bank Resolution Corporation Limited since the date of their appointment. The rates being charged are based on NAMA-negotiated rates for relevant services. These NAMA rates were put in place following a competitive tender conducted by NAMA.

Written Answers — Department of Finance: NAMA Loans Sale (11 Sep 2017)

Paschal Donohoe: I am advised by NAMA that, following openly marketed processes, the successful bidders in each referenced loan sale were as follows: Loan sale Initial bidder query Aspen Starwood Abbey Apollo Jewel Allianz (Hammerson and Allianz were ultimately the successful bidders)

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

Paschal Donohoe: The Deputy will be aware that I, as Minister for Finance, have no role in respect of NAMA's commercial operations or decisions. Accordingly, I am not aware of specific details in relation to this particular transaction. The Deputy will also be aware that NAMA operates under the same obligation of confidentiality as banks, and that Sections 99 and 202 of the NAMA Act 2009 prohibit the...

Written Answers — Department of Finance: Departmental Contracts Data (26 Jul 2017)

Paschal Donohoe: ...have received written confirmation from our contract cleaning service that they recognise and adhere to the terms of the ERO. The NTMA do not use contract security staff (The National Treasury Management Agency (NTMA) assigns staff to the National Asset Management Agency (NAMA) and the Strategic Banking Corporation of Ireland (SBCI) and also provides them with business and support...

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

Paschal Donohoe: I propose to take Questions Nos. 130 and 199 together. The information sought by the Deputy, with regard to legal fees paid by NAMA, is set out in the following table for the period from 2010 to date. I am advised by NAMA that the figures do not include recoverable fees, i.e. legal fees that NAMA has incurred on behalf of debtors that are added to debtor loan balances. Having regard to the...

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...

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

Paschal Donohoe: The Deputy will be aware that NAMA outlined in its 2016 Annual Report that the Agency expects to return a surplus to the State in the region of €3bn, subject to prevailing market conditions, when it completes its work. It is important to recognise that this is a projected surplus - it will only materialise after NAMA’s debt is fully repaid and NAMA’s ongoing work is...

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

Paschal Donohoe: I wish to advise the Deputy that, under Sections 99 and 202 of the NAMA Act, NAMA is precluded from disclosing confidential information, including information relating to debtors and the assets under their control. I am advised that, at its recent appearance before the Oireachtas Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach, NAMA stated that it holds security...

Written Answers — Department of Finance: NAMA Expenditure (26 Jul 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 from inception to May 2017, NAMA has spent over €73m on remediation works on property securing its loans. This funding has had the effect of...

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

Paschal Donohoe: The information sought by the Deputy, regarding funding for capital and current expenditure that has been advanced by NAMA to its debtors and receivers, is set out in the following table provided by NAMA for the period from 2010 to date. FUNDING BY YEAR Year 2010 2011 2012 2013 2014 2015 2016 2017 €'m 240 304 278 328 624 854 640 132

Written Answers — Department of Finance: Departmental Staff Data (26 Jul 2017)

Paschal Donohoe: ...the balance elsewhere in the Financial Regulation Pillar. National Treasury Management Agency* *The National Treasury Management Agency (NTMA) assigns staff to the National Asset Management Agency (NAMA) and the Strategic Banking Corporation of Ireland (SBCI) and also provides them with business and support services and systems. The NTMA has 1 actuary. Please note staff...

Written Answers — Department of Finance: NAMA Portfolio (13 Jul 2017)

Paschal Donohoe: ...to take Questions Nos. 112 and 197 together. I currently have no plans to wind down the Agency prior to, or beyond, its current expected time frame. It is too early to speculate whether NAMA will have made sufficient progress on its three primary business lines - ongoing deleveraging; Dublin Docklands SDZ programme; residential delivery funding...

Written Answers — Department of Finance: State Aid Investigations (13 Jul 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. NAMA and...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (13 Jul 2017)

Paschal Donohoe: ...22 sites have an aggregate capacity for 3,661 homes. 13 of the sites are currently under development, with the remainder being progressed through the planning process. As part of its commitments in Rebuilding Ireland, the NTMA and NAMA are currently undertaking a number of initiatives in relation to housing and the wider property sector: - ISIF has total investment commitments...

Written Answers — Department of Finance: NAMA Operations (13 Jul 2017)

Paschal Donohoe: ...the Deputy is referring to information originally provided in reply to Parliamentary Question 220 of 21 March 2017. In that reply, information was provided in relation to exceptions approved by NAMA over the period 2014-2016 to its policy of open marketing of loans by NAMA and of assets by its debtors and receivers. Therefore, the figure of €795m in the Deputy’s...

Written Answers — Department of Finance: NAMA Operations (13 Jul 2017)

Paschal Donohoe: I assume that the Deputy is referring to information originally provided in reply to Parliamentary Question 220 of 21 March 2017.  In that reply, information was provided on exceptions approved by NAMA, over the period 2014-2016, to its policy of open marketing of loans by NAMA and of assets by its debtors and receivers.  I assume that the Deputy is now seeking...

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 Portfolio Value (13 Jul 2017)

Paschal Donohoe: I am advised that information relating to NAMA’s remaining loan portfolio is available in NAMA’s Annual Report and Financial Statements 2016 which was published on 1 June 2017 and is available via . The concentration of NAMA’s remaining loan portfolio by sector and geography based on the value of underlying security is outlined in charts on page 46 of the 2016 Annual...

Written Answers — Department of Finance: NAMA Expenditure (12 Jul 2017)

Paschal Donohoe: The information sought by the Deputy is provided by NAMA and is set out in the table for the period from 2011 to date. Note figures may not total due to rounding. IP Firm IP Fees 2011 IP Fees 2012 IP Fees 2013 IP Fees 2014 IP Fees 2015 IP Fees 2016 IP Fees 2017 Total IP Fees € € € € € € € 1 Alder King - - - - 8,502 - - 8,502...

Written Answers — Department of Finance: NAMA Property Sales (11 Jul 2017)

Paschal Donohoe: The Deputy will be aware that NAMA, through its continued engagement with the Department of Housing, Planning & Local Government, has played a very important role in facilitating, on a commercial basis, the supply of social housing from within its existing portfolio. To end-June 2017, NAMA had delivered 2,398 properties for social housing use to both local authorities and approved...