Written answers

Tuesday, 22 September 2009

Department of Finance

National Asset Management Agency

9:00 pm

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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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]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Minister, Department of Finance; Dublin West, Fianna Fail)
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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.

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