Results 61-80 of 378 for nama speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Expenditure (24 Mar 2021)

Paschal Donohoe: ...Disabled Drivers Medical Board of Appeal, the Investor Compensation Company DAC, the Irish Fiscal Advisory Council and the Strategic Banking Corporation of Ireland. It was not possible for 2 of the bodies, the National Asset Management Agency (NAMA) and the National Treasury Management Agency (NTMA), to respond to the information request in the time available and therefore I will...

Written Answers — Department of Finance: Financial Services Sector (11 Mar 2021)

Paschal Donohoe: I am advised that NAMA did not procure any services from J&E Davy during the period from 2014 to 2020 and to date in 2021, nor for any time preceding that, and accordingly has paid nil fees to the company.

Written Answers — Department of Finance: Departmental Internships (10 Mar 2021)

Paschal Donohoe: ...wage cost of €6,359. Two internship opportunities are offered annually at the Fiscal Council. Collectively, the National Treasury Management Agency (NTMA), the National Asset Management Agency (NAMA), Home Building Finance Ireland (HBFI) and the Strategic Banking Corporation of Ireland (SBCI) facilitated paid work experience for 9 students in 2019. The total cost of...

Written Answers — Department of Finance: National Asset Management Agency (3 Mar 2021)

Paschal Donohoe: I propose to take Questions Nos. 211 and 213 together. I am advised that NAMA leases office space from the NTMA. In 2019, the NTMA moved to a new premises at Treasury Dock, North Wall Quay. Accordingly, NAMA also moved its offices to the new premises. Fit out of the entire space was required prior to occupation by the NTMA and NAMA. The NAMA CEO’s office is located on the 2nd floor of...

Written Answers — Department of Finance: National Asset Management Agency (25 Feb 2021)

Paschal Donohoe: I am advised that NAMA does not typically own property, rather NAMA acquired a portfolio of loans for which the properties act as security. As set out in NAMA’s most recent Section 55 Quarterly Report and Accounts, NAMA’s assets at 30 September 2020 included i) loans (primarily secured by properties) measured at fair value of €1,039m; and ii) trading properties and...

Written Answers — Department of Finance: National Asset Management Agency (25 Feb 2021)

Paschal Donohoe: NAMA was established 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 this work. In relation to the delivery of residential housing, it is important to...

Written Answers — Department of Finance: National Asset Management Agency (3 Feb 2021)

Paschal Donohoe: I am advised by NAMA that receivers appointed to NAMA-secured properties are selected from NAMA's insolvency service provider panel which was established following a competitive public procurement process. I am advised that, arising from this process, competitive fixed-fee rates were achieved relative to prevailing market norms. I am further advised that, in general, fees are not paid to...

Written Answers — Department of Finance: National Asset Management Agency (3 Feb 2021)

Paschal Donohoe: I wish to advise the Deputy that, on a regular basis, NAMA requires the assistance of specialist legal services in order to assist the Agency in meeting its statutory objectives. The information sought by the Deputy, with regard to payments made by NAMA to law firms from 2010 to 2020, is set out in the table attached. Figures for 2021 are not yet available. ">NAMA Payments

Written Answers — Department of Finance: Natural Heritage Areas (27 Jan 2021)

Paschal Donohoe: The Deputy will be aware that I, as Minister for Finance, have no role in respect of NAMA’s commercial operations or transactions. In the case of the land referenced, I am advised that NAMA has never held an interest in this specific area of Inchydoney and so cannot advise on the matter raised by the Deputy. The Deputy is advised that NAMA has a dedicated email address for queries...

Written Answers — Department of Finance: National Asset Management Agency (13 Jan 2021)

Paschal Donohoe: As the Deputy will be aware, NAMA does not typically own or sell properties, rather NAMA owns loans for which the properties act as security. Secured properties remain in the ownership and control of their registered owners, or appointed receivers where applicable. These parties also manage the sales process. As regards the property referenced by the Deputy, I am advised that the property...

Written Answers — Department of Finance: National Treasury Management Agency (13 Jan 2021)

Paschal Donohoe: I am advised by NAMA that they were not in a position to finalise the information requested within the timeframe provided. I am further advised that they are currently compiling the information and I will provide this information directly to the Deputy once it is received from NAMA.

Written Answers — Department of Finance: National Asset Management Agency (13 Jan 2021)

Paschal Donohoe: I am advised by NAMA that they are currently compiling the information as requested by the Deputy. Unfortunately they were not in a position to finalise the information within the timeframe provided, therefore I will provide this information directly to the Deputy once it is received from NAMA.

Written Answers — Department of Finance: National Asset Management Agency (13 Jan 2021)

Paschal Donohoe: I am advised by NAMA that they were not in a position to finalise the information requested within the timeframe provided. I am further advised that they are currently compiling the information as requested and I will provide this information directly to the Deputy once it is received from NAMA.

Written Answers — Department of Finance: Departmental Bodies Data (9 Dec 2020)

Paschal Donohoe: ...Advisory Council Chair and 4 Ordinary Board Members 4 (Currently 3 board members, vacancy being filled through PAS process) 1 National Asset Management Agency (NAMA) Chair and 6 Ordinary Board Members (incl. 2 ex-offico members)(currently 2 vacancies) 3(the 2 existing vacancies will be filled via a current PAS process) 4 ...

National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019: Motion (8 Dec 2020)

Paschal Donohoe: ...funding requirements arising from budget 2021 and the need to support the increase in Covid-related expenditure. It was important that the fund was in existence to provide support for this expenditure. Similar to returns to the Exchequer from the National Asset Management Agency, NAMA, using the rainy day fund meant the State has been able to provide for additional and much-needed...

Written Answers — Department of Finance: Social and Affordable Housing (8 Dec 2020)

Paschal Donohoe: As the Deputy may be aware, National Asset Residential Property Services DAC (NARPS) is a NAMA subsidiary which operates by purchasing suitable residential units directly from NAMA debtors and receivers and leasing them on to Local Authorities or Approved Housing bodies for social housing use. I am advised by NAMA that NARPS currently owns 1,372 properties, all of which are leased directly to...

Written Answers — Department of Finance: National Asset Management Agency (1 Dec 2020)

Paschal Donohoe: I am advised by NAMA that there is a comprehensive process ongoing in order to select an investment partner with the requisite resources, skill and experience to commercially develop the former Glass Bottle site at Poolbeg West SDZ site. This open market process commenced in July 2019 following substantial due diligence by NAMA into the appropriate strategy to enable the commercial...

Written Answers — Department of Finance: National Asset Management Agency (11 Nov 2020)

Paschal Donohoe: ...to and my office has responded on three separate occasions since first contact was made on this matter last December. Following the initial correspondence, my officials raised the matter with NAMA who advised that the loans associated with the debtor concerned were sold by NAMA in 2015 and that is where NAMA's involvement with the developer ended. My officials were further advised that...

Written Answers — Department of Finance: National Asset Management Agency (3 Nov 2020)

Paschal Donohoe: I wish to advise the Deputy that Section 9 of the NAMA Act provides that NAMA is independent in the performance of its functions and that I, as Minister, have no role in relation to its commercial operations or decisions. Nor am I a party to commercial transactions in which NAMA is engaged. I am advised by NAMA that, in relation to the asset concerned, a commercial process remains...

Written Answers — Department of Finance: National Asset Management Agency (3 Nov 2020)

Paschal Donohoe: I am advised by NAMA that they do not typically own or sell properties. Rather NAMA’s role is as secured lender and the properties securing NAMA’s loans remain under the control of their registered owners, or in the case of enforcement, the appointed receiver. The Deputy will be aware that I, as Minister for Finance, have no role in respect of NAMA's commercial operations or...