Richard Bruton (Dublin North Central, Fine Gael)
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Question 108: To ask the Minister for Finance if it is intended that the National Asset Management Agency will acquire loans when the lender has already intervened to appoint a receiver as in the case of a company (details supplied); and if there is a risk that individual lenders within a consortium have an incentive to gain first mover advantage before the National Asset Management Agency is established. [35610/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The decision as to whether or not a loan is acquired will be a matter for the NAMA Board to determine. The NAMA valuation process will take into account all relevant aspects of a borrower's circumstances and the quality of assets which may be eligible for NAMA acquisition. Where a loan has been written down, e.g. by way of a receivership, NAMA will take that into account when determining the long term economic value of a loan. Furthermore, under section 81 of the NAMA Bill 2009, as initiated, there is a provision that NAMA can opt not to acquire a loan for transfer should it feel it appropriate to do so. NAMA will work with non-participating institutions to ensure, in so far as possible, an optimal outcome for all parties.