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

Thomas Gould: 381. To ask the Minister for Finance when NAMA sold the Bessboro site. [29437/22]

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

Thomas Gould: 382. To ask the Minister for Finance the amount of the original loan, the amount that NAMA wrote the loan down for; and the amount that NAMA sold the Bessboro site for. [29438/22]

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

Thomas Gould: 383. To ask the Minister for Finance if the State sought to buy the Bessboro site from NAMA. [29439/22]

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

Paschal Donohoe: I propose to take Questions Nos. 381 to 383, inclusive, together. As the Deputy will be aware, NAMA does not own properties, it owns loans. The properties securing NAMA’s loans are owned by debtors. These debtors, or receivers in the case of enforcement, manage and control the properties. If a State body expresses interest in a property secured to NAMA, NAMA will facilitate...

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

Thomas Gould: 384. To ask the Minister for Finance if a person who has had a loan written down by NAMA can repurchase that loan. [29440/22]

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...