Results 21-40 of 94 for nama speaker:Stephen Donnelly

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Stephen Donnelly: That was not the answer I was expecting. I was just seeking the high level figures. As Deputy O'Donnell said, our job is to try to hold NAMA to account, hopefully for the good work it does. With the greatest respect, the most important figures Mr. McDonagh, as chief executive officer, should have today are for every asset the agency has sold, how much it bought them for and their book...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Stephen Donnelly: ...would like to ask a question raised by a constituent who is seeking to build houses, which he has tried to do on a number of occasions. He has sent me specific examples of sites he has approached NAMA to buy but the agency has said they are not for sale now, which is its prerogative. I do not suggest there is anything wrong with NAMA's position. However, in a scenario where we have a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Stephen Donnelly: Is there a formal process whereby someone who is interested in land and is willing to pay a decent amount for it can ask that a formal review of its sale be conducted by NAMA?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Stephen Donnelly: With regard to social housing, NAMA sometimes completes and offers properties either to a local authority or a housing agency for sale. Are the properties offered to them at the market rate or at a recognised discount?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Stephen Donnelly: I refer to the sale at Sir John Rogerson's Quay. NAMA sold a property for €7.5 million and it was sold a year later in August 2014 for almost €18 million. Inevitably, when the agency is disposing of so many assets, people will be able to buy them and flip them at a profit. It would be unreasonable to expect that NAMA would never be caught out like that. However, was that an...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Stephen Donnelly: I welcome the delegation and thank it for its time and responses to committee questions. They were very useful. I welcome the focus NAMA has brought over the past 12 months or so to the private and social residential markets. Setting up a dedicated team is very welcome and the number of private and social residential housing units NAMA wants to put on the market is not insignificant. I am...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Stephen Donnelly: How does the figure of €17.5 billion match up to what NAMA paid for the assets? What was the book value of the €17.5 billion?

Written Answers — Department of Finance: NAMA Investigations (22 Oct 2014)

Stephen Donnelly: ...further to recent reports of gardaí attempting to locate a businessman (details supplied) who is being pursued by the National Asset Management Agency, to disclose the number of cases in which NAMA has secured an order directing gardaí to arrest any person; the number of cases in which NAMA has attempted to secure an order directing gardaí to arrest a person; and if he will...

Written Answers — Department of Finance: NAMA Accounts (22 Oct 2014)

Stephen Donnelly: ...by the National Asset Management Agency since inception to the first quarter of 2014, is €425 million approximately, and based on there being €15.3 billion of assets under management at NAMA, that achieving a break-even by NAMA by 2020 requires NAMA to generate a net annual return on its assets under management of 0.5%; and if he will make a statement on the matter. [40517/14]

Written Answers — Department of Finance: NAMA Accounts (22 Oct 2014)

Stephen Donnelly: 55. To ask the Minister for Finance if he will provide the return on assets under management at the National Asset Management Agency, NAMA, for 2012 and 2013; his views on the contrast between the returns generated by NAMA and those generated by other asset management companies operating here; and if he will make a statement on the matter. [40518/14]

Written Answers — Department of Finance: NAMA Operations (22 Oct 2014)

Stephen Donnelly: ...), in the High Court if he is concerned that the National Asset Management Agency, its participating financial institutions and service providers are not providing running accounts to borrowers; if NAMA has conducted any review of the performance of its participating institutions and service providers in providing running accounts to borrowers; if NAMA may confirm that it has provided...

Written Answers — Department of Finance: NAMA Staff Numbers (22 Oct 2014)

Stephen Donnelly: ..., the number of the 66 new appointments at the National Asset Management Agency in 2014 advertised on the National Treasury Management Agency candidate manager; if he has concerns that vacancies at NAMA are not being openly advertised; and if he will make a statement on the matter. [40522/14]

Written Answers — Department of Finance: NAMA Staff Numbers (22 Oct 2014)

Stephen Donnelly: ...the Minister for Finance further to Parliamentary Question No. 284 of 17 September 2014, the total cost to the National Asset Management Agency of recruiting 66 new staff in 2014; the total paid by NAMA or the National Treasury Management Agency to recruitment companies; the total paid by NAMA or NTMA for advertising; and if he will make a statement on the matter. [40523/14]

Written Answers — Department of Finance: NAMA Operations (7 Oct 2014)

Stephen Donnelly: ...executive officer of the National Asset Management Agency that it has a potential €4 billion to invest in Irish property development, including €1 billion already spent, the position regarding NAMA evolving from an asset manager into the State’s biggest property developer; his views that the agency has the necessary skillsets to adopt such a role; and if he will make a...

Written Answers — Department of Finance: NAMA Portfolio Value (17 Sep 2014)

Stephen Donnelly: 264. To ask the Minister for Finance the value of assets controlled by the National Asset Management Agency, in both NAMA and par value terms; the value of assets that NAMA would need dispose of by the end of 2016, to meet its recently announced internal target of disposing of at least 80% of assets by the end of 2016; and if he will make a statement on the matter. [34245/14]

Written Answers — Department of Finance: NAMA Operations (17 Sep 2014)

Stephen Donnelly: 260. To ask the Minister for Finance if the objective of the National Asset Management Agency is to break even by the time it concludes its operations and if such an objective requires NAMA to generate a profit to offset its cumulative loss, and whether the NAMA objective of breaking even equates to a net annual return on assets under management of approximately 0.3% per annum for each of the...

Written Answers — Department of Finance: NAMA Operations (17 Sep 2014)

Stephen Donnelly: ...Minister for Finance further to the publication of the report by the Comptroller and Auditor General into the operation of National Asset Management Agency on 20 May 2014, which recommended that NAMA adopt a target annual rate of return, and following the appearance by NAMA at the Committee for Public Accounts on 29 May, when the chief executive officer of NAMA rejected the Comptroller and...

Written Answers — Department of Finance: NAMA Debtors (17 Sep 2014)

Stephen Donnelly: ...by the National Asset Management Agency after it had concluded the acquisition of loans from the financial institutions from 2010 to 2012; and the number of debtor connections currently managed at NAMA, following a number of recent disposals of assets by NAMA. [34247/14]

Written Answers — Department of Finance: NAMA Operations (17 Sep 2014)

Stephen Donnelly: ...€47 billion of par value loan acquisitions by the National Asset Management Agency, if he will provide an update on that approval; if the Commission has communicated any issues or problems to NAMA; and if he will make a statement on the matter. [34249/14]

Written Answers — Department of Finance: NAMA Transactions (17 Sep 2014)

Stephen Donnelly: ...the provision of vendor finance by the National Asset Management Agency; the gross amount provided to date; the total repaid to date; the total outstanding today; the total available for buyers of NAMA assets today; the way in which NAMA's vendor finance will operate in light of recent announcements which anticipate an earlier than planned conclusion to the work of NAMA; and if he will...