Results 121-140 of 378 for nama speaker:Paschal Donohoe

Written Answers — Department of Finance: Corporation Tax Regime (21 May 2019)

Paschal Donohoe: ...tax is a long standing feature of the Irish Corporate Tax system and is a standard feature of Corporation Tax systems in all OECD countries.  Section 396C of the TCA 1997 previously restricted NAMA participating institutions to offset losses against a maximum of 50% of taxable profits in a given year. At the time of its introduction the Government had limited involvement in the...

Written Answers — Department of Finance: NAMA Accounts (8 May 2019)

Paschal Donohoe: I wish to advise the Deputy that NAMA’s currently projected surplus of €3.5 billion is expected to be available for return to the State when the Agency substantially completes its work in 2020/2021. NAMA is on track to have repaid all its subordinated debt and to have reimbursed the private shareholders in the NAMA Investment DAC by that time. It is important to note that...

Written Answers — Department of Finance: NAMA Social Housing Provision (18 Apr 2019)

Paschal Donohoe: NAMA has played a significant role in facilitating the supply of social housing across Ireland from its secured portfolio. I am advised that NAMA has conducted regular reviews of the assets securing its loan portfolio to establish if vacant residential properties could be utilised for social housing. Up until end-2018, NAMA had identified a total of 6,984 residential properties as being...

Ceisteanna Eile - Other Questions: NAMA Transactions (17 Apr 2019)

Paschal Donohoe: The figures I have shared with the Deputy are figures that have been shared with me by NAMA and put into a different light the statement made by the United Nations on the operation of NAMA. By sharing this information with the Tánaiste, I have no doubt at all that these perspectives will be shared with the UN in response to the communication that it has issued. The Deputy referred...

Ceisteanna Eile - Other Questions: NAMA Transactions (17 Apr 2019)

Paschal Donohoe: I am not involved in the detail or decisions that are made in individual court cases. The Deputy will be aware as to how NAMA has been set up. I am responsible for setting its mandate and for influencing and setting the objectives it wants to fulfil but it has independence as to how it goes about that. That firewall is also in place to ensure that it is able to fulfil its mandate in a...

Ceisteanna Eile - Other Questions: NAMA Transactions (17 Apr 2019)

Paschal Donohoe: ...will be delivered by the Tánaiste in early May and that input for this response is currently being gathered, including in my Department. In the context of the UN communication relating to NAMA, I wish to clarify a number of points.  First, I am advised that the reference to a figure of 93% in the letter refers to loan sales only and does not include sales of property assets...

Written Answers — Department of Finance: NAMA Investigations (17 Apr 2019)

Paschal Donohoe: On 13 June 2017 the Government agreed the order establishing the NAMA Commission of Investigation and selected Justice John Cooke to lead the Commission in investigating the NAMA’s disposal of its Northern Ireland loan portfolio, referred to as “Project Eagle”. The Commission of Investigation is under the remit of the Department of Taoiseach and the former Minister for...

Written Answers — Department of Finance: Disability Act Employment Targets (16 Apr 2019)

Paschal Donohoe: ...from the Central Bank of Ireland Irish Bank Resolution Corporation (IBRC) The IBRC is in wind-down and therefore has no plans to hire any further staff. Irish Financial Services Appeals Tribunal (IFSAT) IFSAT does not have any employees. National Treasury Management Agency (NTMA), National Asset Management Agency (NAMA), Strategic Banking Corporation Ireland (SBCI) and  Home...

Written Answers — Department of Finance: NAMA Social Housing Expenditure (27 Mar 2019)

Paschal Donohoe: I wish to advise the Deputy that NARPS was established by NAMA as a means of expediting social housing delivery. It purchases suitable houses and apartments directly from NAMA debtors and receivers at market value and leases them to local authorities (LAs) and Approved Housing Bodies (AHBs). This allows social housing bodies with limited capital funding to obtain immediate access to...

Written Answers — Department of Finance: NAMA Investigations (26 Mar 2019)

Paschal Donohoe: Section 172(3) of the National Asset Management Agency Act 2009 is a legal provision which prohibits the sale of assets held as security for NAMA loans to debtors who have defaulted on those loans or persons acting on behalf of defaulting debtors. To ensure compliance with this section, I am advised that NAMA has a policy of obtaining written confirmation from purchasers of NAMA-secured...

Written Answers — Department of Finance: Departmental Properties (26 Mar 2019)

Paschal Donohoe: I wish to inform the Deputy that I do not hold the title to the referred piece of land. I am also advised that NAMA holds no interest in the identified land either. Considering that neither myself nor a body under my aegis has any legal interest in the referred land it would not be appropriate for me to comment further.

Written Answers — Department of Finance: Departmental Funding (13 Mar 2019)

Paschal Donohoe: ...of Dublin. Approximately 6 per cent of investment and 4 per cent of economic activity achieved, to-date, are in the five Connacht counties. It was not possible for the National Asset Management Agency (NAMA) to respond to this information request in the time available and therefore I will make arrangements to provide a response in line with Standing Orders. Body Funding provided to...

Written Answers — Department of Finance: NAMA Operations (28 Feb 2019)

Paschal Donohoe: I wish to advise the Deputy that subject to current market conditions prevailing NAMA projects a surplus in the region of €3.5bn to be returned to the State once it completes its work. The realisation of this surplus depends on the redemption of NAMA’s remaining subordinated debt by March 2020 and completion of its Dublin Docklands SDZ and residential funding programmes. ...

Written Answers — Department of Finance: NAMA Board (28 Feb 2019)

Paschal Donohoe: Section 25 of the NAMA Act provides that it is for the Minister for Finance to appoint the Chairperson of the Board of NAMA. This appointment may be made from amongst one of the existing ordinary members of the Board or the Minister may appoint a new member to assume the role of Chairperson. As currently constituted, there are seven members of the NAMA Board and two vacancies arising from...

Written Answers — Department of Finance: Departmental Agencies Expenditure (27 Feb 2019)

Paschal Donohoe: ...the Strategic Banking Corporation of Ireland (SBCI) Gordon MRM €105,780.00 (NTMA including SBCI) The NTMA have also advised that in Quarter 3 of 2017, the National Asset Management Agency (NAMA) Board took the decision to tender for a press and communications services provider to NAMA under a separate contract from the NTMA. Following a competitive public procurement process, Gordon...

Written Answers — Department of Finance: NAMA Expenditure (27 Feb 2019)

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, very competitive fixed-fee rates were achieved relative to prevailing market norms. I am advised that, in general, fees are not paid to...

Written Answers — Department of Finance: NAMA Property Sales (26 Feb 2019)

Paschal Donohoe: I wish to advise the Deputy that NAMA does not own or sell properties. Rather NAMA’s role is as secured lender and the properties securing its loans remain under the control of their registered owners, or in the case of enforcement, the appointed receiver. I am advised that the property referenced by the Deputy was controlled by a NAMA-appointed receiver and that the property was...

Written Answers — Department of Finance: Departmental Data (26 Feb 2019)

Paschal Donohoe: ...thousand and fifty euro) - forty-three (43) staff members from the NTMA attended the summit at a cost of €17,200, (seventeen thousand two hundred euro) - seven (7) staff from the National Asset Management Agency (NAMA) attended the summit at a cost of €2,800 (two thousand eight hundred euro) and - thirty (30) staff from the Central bank attended the summit at a cost of...

Written Answers — Department of Finance: NAMA Board (26 Feb 2019)

Paschal Donohoe: Section 25 of the NAMA Act provides that it is for the Minister for Finance to appoint the Chairperson of the Board of NAMA. This appointment may be made from amongst one of the existing ordinary members of the Board or the Minister may appoint a new member to assume the role of Chairperson. As currently constituted, there are seven members of the NAMA Board and two vacancies arising from...

Written Answers — Department of Finance: NAMA Staff Remuneration (20 Feb 2019)

Paschal Donohoe: I refer the Deputy to my response of 12 February 2019 in which I provided details of NAMA staff remuneration for 2018. It is important to highlight that the total of 98 staff, who were in receipt of remuneration in excess of €100,000 per annum outlined in that response, also included staff members who were employed and left NAMA during 2018. Per my response to a PQ of a similar...