Tuesday, 22 September 2009
Department of Finance
National Asset Management Agency
Question 127: To ask the Minister for Finance if he will provide a detailed breakdown, by asset class, by institution and by geographic location of underlying security, the level of impairment of the assets scheduled to be transferred to the National Asset Management Agency; and if he will make a statement on the matter. [32384/09]
The NAMA supplementary documentation pack circulated to the Oireachtas on 16 September contains information on the potential NAMA portfolio including a breakdown of the assets expected to transfer by institution, by sector and by location. These projections are based on provisional information collated by the interim NAMA.
NAMA will take a bottom up approach to the valuation of assets. This approach will be independent of any impairment charges assessed by the participating institutions.