Martin Ferris (Kerry North, Sinn Fein)
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Question 75: To ask the Minister for Finance the reason NAMA is to be given €90 billion in view of the fact that the banks claim that their impaired loans are no more than 5% of their loan books which is approximately €25 billion. [17154/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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It is not true that €90 billion of taxpayers' money will be given to any organisation.

While the potential book value of loans that will be transferred to NAMA is estimated to be in the region of €80 to €90 billion, NAMA will not be paying book value for them. Significant further detailed work and extensive due diligence on the loan books of each of the banks will be needed to ensure that the appropriate categories or portfolio of loans are transferred and that the banks are cleared of the identified riskiest loans.