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Results 1-6 of 6 for nama segment:8429885

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

...Central Bank profits, offset by borrowing costs and other expenses. At end 2021, the State expected to recover some further value from its remaining ownership of shareholdings in some of the banks, and some further surplus funds from the National Asset Management Agency, NAMA. Taking all the cash flows into account, the examination estimated that at the end of 2021 the net cost to the...

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

...banks, the Deputy is quite right. We have two investments now, AIB and PTSB, and a three-person team working full time on that project. There are some similarities between what IBRC does and what NAMA does in that they both wind down vehicles selling legacy assets. The same team within my division look after both of those.

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Catherine Murphy: From recollection, and I could be wrong on this, I understood that once it was wound down, the original intention was that it would go to NAMA. I might be wrong on that but that was my memory of it at the time. With regard to NAMA, I am certainly aware of people who are back in charge of the assets despite the fact they went bankrupt. It infuriates people. I am aware there was a...

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Catherine Murphy: Would the Department pursue that particular issue with NAMA?

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Mr. Des Carville: The Comptroller and Auditor General is correct. Under the National Asset Management Agency Act, it was very clear that one could not transact with the underlying borrower. What NAMA would do is conduct an open market sales process to give maximum price discovery and some entity would ultimately end up buying the loan. As to what happens after that, if we felt there was...

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Brian Stanley: ...system, construction undertaken without any regulations and all that nonsense. Some concerns exist now regarding inflationary pressures. Part of this morning's discussion focused on the IBRC, NAMA and AIB, all of which came about as a consequence of the period I referred to. Much of that activity was concentrated in residential property and its financing. The Parliamentary Budget...

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