Results 21-40 of 378 for nama speaker:Paschal Donohoe

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

Paschal Donohoe: I refer the Deputy to section 172 of the NAMA Act 2009, which is a legal provision designed to prevent defaulting debtors from buying back their secured assets from NAMA. NAMA has enhanced this legislation with Asset Disposal and Loan Sale policies that are more wide-reaching than section 172. They encompass disposals of secured assets by debtors or receivers as well as loan assets being sold...

Written Answers — Department of Finance: National Asset Management Agency (4 May 2022)

Paschal Donohoe: 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. I am advised that in the case of the property referenced by the Deputy, the appointed receiver was responsible for the management and sale of the property. I am advised that before the receiver placed the apartments on...

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 (26 Apr 2022)

Paschal Donohoe: 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 secured assets or confidential arrangements reached with debtors. While NAMA is legally constrained from providing detailed responses to the issues set out in the Deputy’s query, NAMA advises that assertions contained...

Written Answers — Department of Finance: National Asset Management Agency (31 Mar 2022)

Paschal Donohoe: All NAMA staff are employees of the NTMA and are assigned to NAMA by the NTMA in line with Section 42 of the NAMA Act 2009. Other than a small number of staff re-assigned from other functions within the NTMA, NAMA staff are typically employed on the basis of specified purpose contracts i.e. their employment lasts for as long as NAMA requires their particular function. Staff assigned to NAMA...

Written Answers — Department of Finance: Transport Policy (31 Mar 2022)

Paschal Donohoe: ...of the Cycle to Work scheme most recently to staff in March 2022, which included useful information on the application process. The National Treasury Management Agency (NTMA), National Asset Management Agency (NAMA), Home Building Finance Ireland (HBFI) and the Strategic Banking Corporation of Ireland (SBCI) are under my Department’s remit. The NTMA provides business,...

Written Answers — Department of Finance: Land Issues (2 Mar 2022)

Paschal Donohoe: As the Deputy may be aware, NAMA does not typically own or control properties; rather NAMA owns loans for which the properties act as security. The properties securing NAMA’s loans are owned and controlled by their registered owners, or appointed receivers in the case of enforcement. The Deputy will appreciate that, under Sections 99 and 202 the NAMA Act and in line with normal...

Written Answers — Department of Finance: Departmental Contracts (8 Feb 2022)

Paschal Donohoe: ...in the table below. It should be noted that the National Treasury Management Agency (NTMA) provides support services to Home Building Finance Ireland (HBFI), the National Asset Management Agency (NAMA) and the Strategic Banking Corporation of Ireland (SBCI) under a Service Level Agreement. The contracts listed below in respect of the NTMA include those relevant services provided to HBFI,...

Written Answers — Department of Finance: Departmental Contracts (26 Jan 2022)

Paschal Donohoe: ...Bodies is in the table below. It should be noted that the National Treasury Management Agency (NTMA) provides business and support services and systems to the National Asset Management Agency (NAMA), the Strategic Banking Corporation of Ireland (SBCI) and Home Building Finance Ireland (HBFI). The contracts listed below in respect of the NTMA include those relevant services provided to...

Written Answers — Department of Finance: National Asset Management Agency (20 Jan 2022)

Paschal Donohoe: I propose to take Questions Nos. 170 and 171 together. As the Deputy will be aware, NAMA does not typically own or sell properties, rather NAMA owns loans for which properties act as security. Secured properties remain in the ownership and control of their registered owners, or appointed receivers where applicable. These parties are responsible for all matters relating to the management of...

Written Answers — Department of Finance: Housing Provision (19 Jan 2022)

Paschal Donohoe: Through working with debtors and receivers, NAMA’s residential delivery programme facilitated the completion of 10,052 units in the years 2018 to 2020. This total includes: 5,283 units directly funded by NAMA; and 4,769 new residential units completed on sites for which NAMA had funded planning permission, enabling works, legal costs or holding costs prior to disposal or refinance....

Written Answers — Department of Finance: Social Media (19 Jan 2022)

Paschal Donohoe: ... LinkedIn €37,689* Twitter €90** The National Treasury Management Agency provides business and support services and systems to the National Asset Management Agency (NAMA), the Strategic Banking Corporation of Ireland (SBCI) and Home Building Finance Ireland (HBFI). *I would draw the Deputy’s attention to the fact that...

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: National Asset Management Agency (9 Nov 2021)

Paschal Donohoe: 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 in 2010, to deal expeditiously with its acquired loan portfolio and to extract best value from that portfolio. NAMA has been successful in achieving this mandate and has now entered into the final phase of its...

Written Answers — Department of Finance: National Asset Management Agency (2 Nov 2021)

Paschal Donohoe: I propose to take Questions Nos. 244 and 245 together. As the Deputy will be aware, 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 owners, or appointed receivers in the event of enforcement. NAMA cannot restrict the sales of properties to specific...

Written Answers — Department of Finance: National Asset Management Agency (2 Nov 2021)

Paschal Donohoe: I propose to take Questions Nos. 246, 247, 253, 265 and 266 together. As the deputies may be aware, assets often referred to as "NAMA land" or "NAMA properties" are not owned by NAMA. NAMA owns loans. Such property is owned by private persons or companies who owe money to NAMA (“NAMA debtors”) and serves as collateral for those amounts owed. I am advised that Sections 99 and...

Written Answers — Department of Finance: National Asset Management Agency (2 Nov 2021)

Paschal Donohoe: ...of Ronan Group Real Estate, Oaktree Capital Management, and Lioncor Developments (“the Consortium”) acquired a controlling 80% shareholding in the company which owns the glass bottle site for €200m. NAMA maintains a 20% minority interest. The development of the site) will be undertaken by the Consortium. I highlight for the Deputy that NAMA is progressing its...

Written Answers — Department of Finance: National Asset Management Agency (2 Nov 2021)

Paschal Donohoe: As the Deputy may be aware, NAMA does not own land in Kildare, rather NAMA acquired loans for which land and other properties act as security. The secured properties are owned and controlled by their registered owners, or appointed receivers, in the event of enforcement. Sections 99 and 202 of the NAMA Act prohibit NAMA from disclosing confidential debtor information, including the...

Written Answers — Department of Finance: National Asset Management Agency (5 Oct 2021)

Paschal Donohoe: I propose to take Questions Nos. 164 and 165 together. NAMA originally issued €1.593 billion in subordinated debt in consideration for 5% of the loans it acquired from the participating institutions. Payment of interest and ultimate redemption of this debt was subject to NAMA’s financial performance. NAMA’s profits have substantially exceeded the subordinated debt...

Written Answers — Department of Finance: Revenue Commissioners (5 Oct 2021)

Paschal Donohoe: ...x20ac;0.4m (2017: Nil) arising from an indirect taxes review undertaken by the Central Bank and agreed with Revenue”. There were two unprompted voluntary disclosures made by the National Asset Management Agency (NAMA) to the Revenue in the last five years. In 2017, an unprompted voluntary disclosure of €0.6m was made to the Revenue with regard to the treatment of...