Results 1-20 of 378 for nama speaker:Paschal Donohoe

Written Answers — Department of Finance: National Asset Management Agency (13 Dec 2022)

Paschal Donohoe: ...Liquidators have advised me that Goodbody provided sales advisory services to Irish Bank Resolution Corporation Limited (In Special Liquidation) (“IBRC”) in relation to IBRC’s holding of NAMA subordinated bonds in 2014. They were not engaged in 2015 as all of IBRC’s holdings of the bonds were sold in 2014. I am advised by the Special Liquidators that they are...

Written Answers — Department of Finance: National Asset Management Agency (13 Dec 2022)

Paschal Donohoe: The Special Liquidators have informed me, as Minister for Finance, that the identity of the purchasers of IBRC’s holding of the NAMA subordinated bonds in 2014 is commercially sensitive and confidential.

Written Answers — Department of Finance: National Asset Management Agency (13 Dec 2022)

Paschal Donohoe: ...Liquidators have advised me, as Minister for Finance, that Goodbody advised the Special Liquidators of Irish Bank Resolution Corporation Limited (In Special Liquidation) of the bids received on the NAMA subordinated bonds following the sales process on 23 September 2014. The total realisation amount was communicated to the Department of Finance shortly thereafter.

Written Answers — Department of Finance: National Asset Management Agency (6 Dec 2022)

Paschal Donohoe: As the Deputy is aware, NARPS was created by NAMA to acquire housing units for long term lease to Approved Housing Bodies and Local Authorities. Following a review of NAMA in 2019, as required under Section 227 of the NAMA Act, I directed NAMA to retain NARPS in permanent state ownership. ‘Housing for All’ includes a commitment to agree the process for the transfer of NARPS from...

Written Answers — Department of Finance: National Asset Management Agency (23 Nov 2022)

Paschal Donohoe: In the context of its overriding commercial mandate, I can advise the Deputy that NAMA seeks to manage its secured property portfolio in a manner that complements the objectives of other public bodies. This includes facilitating the sale of properties for social purposes where commercially practical to do so. NAMA works closely with Government departments, state agencies and local...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: ...that the receiver, in his capacity as an agent of the developer and without any legal obligation or requirement to do so, has carried out substantial remediation works to the development that is funded NAMA, certification of which has been provided to the local authority. I also understand there is substantial litigation on the way with regard to this property and NAMA is not party to the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Paschal Donohoe: ...and maybe provide some guidance on how we can bring this work, and this matter, to a better place. On the general point that Deputy Boyd Barrett raised with me regarding changing the mandate of NAMA and my playing a role within it, I am afraid on this particular matter I very respectfully disagree with Deputy Boyd Barrett. I really believe that even in the most difficult of...

Written Answers — Department of Finance: Ukraine War (8 Nov 2022)

Paschal Donohoe: ...: - Government Buildings, Merrion Street, Dublin 2 - 14-16 Merrion Street, Dublin 2 - 1stFloor, Miesian Plaza, Baggot Street, Dublin 2. As the deputy will be aware, the National Asset Management Agency (NAMA) does not generally own properties, rather NAMA acquired loans for which the properties act as security. Secured properties remain in the ownership and control of their registered...

Written Answers — Department of Finance: National Asset Management Agency (8 Nov 2022)

Paschal Donohoe: The Deputy will be aware that NAMA was established as an independent commercial body and I, as Minister for Finance, do not have a role in its operations or decisions. I am advised that the development at Carrickmines Green is not owned or controlled by NAMA. The development is a private residential development consisting of a number of apartment blocks and houses. Each apartment owner owns...

Written Answers — Department of Finance: Defective Building Materials (18 Oct 2022)

Paschal Donohoe: I wish to remind the deputy that NAMA was established as an independent commercial body and as Minister for Finance, I do not have a role in its operations or decisions. As the deputy will be aware, NAMA does not own property, rather NAMA owns loans relating to property and the properties themselves act as security for the loans. Properties commonly referred to as “NAMA...

Written Answers — Department of Finance: State Properties (11 Oct 2022)

Paschal Donohoe: I wish to highlight that, as Minister for Finance, I have no role in respect of NAMA’s commercial operations. The Deputy will be aware that NAMA does not directly own or sell properties, accordingly NAMA does not and did not own apartments at the referenced property. The apartments in which NAMA had an interest were owned by a private entity, held as security by NAMA, and controlled...

Written Answers — Department of Finance: Departmental Properties (11 Oct 2022)

Paschal Donohoe: ...and expressing breast milk in Treasury Dock. The NTMA assigns staff to three further bodies under the remit of my Department, namely Home Building Finance Ireland (HBFI), the National Asset Management Agency (NAMA) and the Strategic Banking Corporation of Ireland (SBCI). The NTMA, HBFI, NAMA and SBCI operate out of the Treasury Dock building. The Office of the Comptroller and Auditor...

Written Answers — Department of Finance: Insurance Coverage (12 Jul 2022)

Paschal Donohoe: I wish to advise the Deputy that NAMA does not own properties, rather NAMA owns loans for which the properties act as security. The properties are owned and controlled by their registered owners, or appointed receivers in the event of enforcement. The Receiver is an agent of the debtor, not NAMA. The referenced property is a private residential development consisting of a number of...

Written Answers — Department of Finance: Departmental Contracts (12 Jul 2022)

Paschal Donohoe: ... €5,016 €0 * The National Treasury Management Agency (the “NTMA”) provides business and support services and systems to Home Building Finance Ireland (“HBFI”), the National Asset Management Agency (“NAMA”), and the Strategic Banking Corporation of Ireland (the “SBCI”). The amount above includes costs...

Written Answers — Department of Finance: Financial Services (12 Jul 2022)

Paschal Donohoe: ...term, pending the sale of those assets. However, this timeframe should be clearly limited as the aim is a timely sale of the assets concerned. In relation to the National Asset Management Agency (NAMA), it advises that its loans are primarily segregated and managed by borrower/debtor connection as this was the most efficient way to manage the cross-secured loan portfolios originally...

Written Answers — Department of Finance: Public Sector Staff (6 Jul 2022)

Paschal Donohoe: ...respect of the bodies under the aegis of my Department, the National Treasury Management Agency (NTMA) assigns staff to Home Building Finance Ireland (HBFI), the National Asset Management Agency (NAMA) and the Strategic Banking Corporation of Ireland (SBCI). In respect of persons that have contracts of employment with the NTMA, to the best of its knowledge, there are no former county...

Written Answers — Department of Finance: National Asset Management Agency (5 Jul 2022)

Paschal Donohoe: I wish to advise the Deputy that NAMA does not own properties, rather NAMA owns loans for which the properties act as security. The properties are owned and controlled by their registered owners, or appointed receivers in the event of enforcement. The Receiver is an agent of the debtor, not NAMA. The property at Carrickmines Green is a private residential development consisting of a...

Written Answers — Department of Finance: Banking Sector (16 Jun 2022)

Paschal Donohoe: ...to the State from banking stabilisation measures as at end-2018 was approximately €41.7 billion. This estimate is after taking account of the estimated value of the State’s investments in banks and NAMA’s retained earnings. The C&AG are currently undertaking work to refresh these figures as at end-2021 and updated figures will be available in due course. The...

Written Answers — Department of Finance: Departmental Data (16 Jun 2022)

Paschal Donohoe: ...that the net cost to the State from banking stabilisation measures up to the end of 2018 was around €41.7 billion. This estimate is after taking account of the estimated value at the end of 2018 of the State’s investments in banks (€8.4 billion), and NAMA’s retained earnings (€4.2 billion). The 2021 edition of the C&AG’s Report on the...

Written Answers — Department of Finance: National Asset Management Agency (14 Jun 2022)

Paschal Donohoe: I propose to take Questions Nos. 381 to 383, inclusive, together. As the Deputy will be aware, NAMA does not own properties, it owns loans. The properties securing NAMA’s loans are owned by debtors. These debtors, or receivers in the case of enforcement, manage and control the properties. If a State body expresses interest in a property secured to NAMA, NAMA will facilitate...