Results 21-40 of 320 for nama speaker:Michael McGrath

Written Answers — Department of Finance: National Asset Management Agency (27 Jun 2023)

Michael McGrath: I propose to take Questions Nos. 200 and 201 together. I am advised by NAMA that it has acted at all times in accordance with its legal obligations to the Revenue Commissioners on the payment of relevant taxes and information required thereon. The individual referred to is in ongoing litigation with NAMA. As it is before the Courts, it would not be appropriate for me, as Minister for Finance,...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (22 Jun 2023)

Michael McGrath: The first point I should make is that, under the NAMA Act, NAMA has to make its decisions independently and on a commercial basis. It has to get the best commercial return. NAMA has played an important role in facilitating housing delivery and supply across Ireland, so I will make inquiries on this specific issue, but it does not fall to me to give NAMA a direction regarding a particular...

Written Answers — Department of Finance: State Bodies (20 Jun 2023)

Michael McGrath: ...Secretariat at the Fiscal Council. Yes Yes, engagement with the Oireachtas is published on the Fiscal Council’s website: www.fiscalcouncil.ie/oireachtas-committee/ National Asset Management Agency (NAMA) oir@nama.ie This address is formally communicated to members approx. every 6 months as part of the NAMA Annual Report and Year End updates. ...

Written Answers — Department of Finance: Data Protection (13 Jun 2023)

Michael McGrath: ...is deemed high-risk by the business. The NTMA provides business and support services and systems Home Building Finance Ireland (HBFI), the Strategic Banking Corporation of Ireland (SBCI) and the National Asset Management Agency (NAMA) are also under the remit of my Department. As staff are assigned to these bodies by the NTMA, HR policies in place in the NTMA are directly applicable to...

Written Answers — Department of Finance: Departmental Bodies (1 Jun 2023)

Michael McGrath: ...Appeals Tribunal registrar@ifsat.ie Irish Fiscal Advisory Council oireachtas.queries@fiscalcouncil.ie National Asset Management Agency oir@nama.ie National Treasury Management Agency OireachtasQuery@ntma.ie Office of the Revenue Commissioners chairmansoffice@revenue.ie ...

Written Answers — Department of Finance: National Asset Management Agency (31 May 2023)

Michael McGrath: As the Deputy is aware, NAMA was established in December 2009 as part of the State’s response to the 2008 banking crisis with a very specific legal mandate, which was approved by the European Commission. NAMA has been successful in achieving this mandate. To date, €3.9 billion has been paid by NAMA to the Exchequer, including €3.5 billion in cash surplus payments and...

Written Answers — Department of Finance: National Asset Management Agency (17 May 2023)

Michael McGrath: I refer the Deputy to my response of 10th May 2023 to question 56 which states that, by virtue of Sections 99 and 202 of the NAMA Act, NAMA is legally precluded from disclosing confidential debtor information, including specific details relating to loans advanced to individual debtors or receivers. I am advised by NAMA that, from inception to end-2022, and to end-April 2023, €5.3...

Written Answers — Department of Finance: National Asset Management Agency (10 May 2023)

Michael McGrath: I wish to advise the Deputy that by virtue of Sections 99 and 202 of the NAMA Act, NAMA is legally precluded from disclosing confidential debtor information, including specific details relating to loans advanced to debtors or the confidential terms of facility agreements. Generally speaking however, I am advised that NAMA may provide funding to its debtors and receivers in cases where it can...

Written Answers — Department of Finance: National Asset Management Agency (21 Mar 2023)

Michael McGrath: I am advised by NAMA that the Agency, through its group entity National Asset Property Management Limited (“NAPM”), holds a long leasehold interest with 40 years remaining in a site at Block 19, which contains the Dry Docks. The freehold of the site is owned by Waterways Ireland. I am advised that a joint disposal of the entire site, combining both the long leasehold and...

Written Answers — Department of Finance: Tax Reliefs (28 Feb 2023)

Michael McGrath: ...as sell-downs complete. The estimated revenue which could be raised by introducing a 25 percent or 50 percent cap, respectively, on corporation tax loss relief utilised in a single year, either by NAMA participating banks only or by all banks, would be dependent on the future profitability of the banks and therefore cannot accurately be forecast. It is possible to estimate the annual...

Written Answers — Department of Transport, Tourism and Sport: National Asset Management Agency (8 Feb 2023)

Michael McGrath: I am advised by NAMA that the Agency holds a 20% equity interest in the development site at Poolbeg West SDZ. Under the terms of the shareholder agreement, which NAMA entered in 2021, all shareholders in accordance with an agreed Business Plan can be requested to meet their respective capital commitments prorated to their equity interest. Otherwise, the specific terms of the shareholder...

Written Answers — Department of Finance: National Asset Management Agency (24 Jan 2023)

Michael McGrath: ...includes a requirement for 25% of the residential units delivered in the SDZ to be reserved for social and affordable housing, comprising 10% Part V social housing and 15% affordable housing. NAMA retains a 20% minority interest in a 37.2 acre development site located within the SDZ. A consortium of Ronan Group Real Estate, Oaktree Capital Management, and Lioncor Developments owns the...

Written Answers — Department of Public Expenditure and Reform: Commissioner for Environmental Information (15 Oct 2020)

Michael McGrath: ...has sometimes chosen not to pursue costs where it might technically be possible. In respect of each case cited in the question, the Commissioner has provided the following details: - NAMA v Commissioner for Environmental Information – High Court reference 2011/357 MCA and Supreme Court reference 159/13: the High Court made an order for costs in the Commissioner’s...

Written Answers — Department of Finance: NAMA Accounts (5 Dec 2019)

Michael McGrath: ...ask the Minister for Finance the projected surplus from the National Asset Management Agency; the return on investment this will represent; if the surplus will be received into the Exchequer when NAMA is wound up; and if he will make a statement on the matter. [51033/19]

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

Michael McGrath: 55. To ask the Minister for Finance the role he envisages for NAMA in the period ahead; when he expects the agency to wind up; and if he will make a statement on the matter. [46672/19]

Written Answers — Department of Finance: NAMA Operations (26 Sep 2019)

Michael McGrath: 51. To ask the Minister for Finance the way in which he plans to use the projected surplus from NAMA; when the agency will wind up; and if he will make a statement on the matter. [39060/19]

Written Answers — Department of Finance: NAMA Operations (11 Jul 2019)

Michael McGrath: ...ask the Minister for Finance the projected surplus from the National Asset Management Agency; the return on investment this will represent; if the surplus will be received into the Exchequer when NAMA is wound up; and if he will make a statement on the matter. [30800/19]

Written Answers — Department of Finance: NAMA Operations (19 Jun 2019)

Michael McGrath: 33. To ask the Minister for Finance the way in which he plans to use the projected surplus from NAMA; when the agency will wind-up; and if he will make a statement on the matter. [25496/19]

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

Michael McGrath: 58. To ask the Minister for Finance if NAMA is prevented from selling properties back to defaulting debtors under section 172(3) of the National Asset Management Agency Act 2009; if this section or other parts of the Act prevent NAMA from selling loan notes back to the defaulting debtor; if so, the reason for the prohibition; and if he will make a statement on the matter. [24691/19]