Joan Burton (Dublin West, Labour)
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Question 73: To ask the Minister for Finance if he will make a statement on the reports that loans at a bank (details supplied) relating to the purchase of shares in a company may be transferred to the National Assets Management Agency; his views on the financing of such speculative share purchases fall within the definition of associated loans eligible for transfer to NAMA. [39953/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The Deputy will be aware that the loans eligible for transfer to NAMA have a book value of €77 billion. This figure comprises approximately €49 billion land and development loans and approximately €28 billion associated loans. The reason for the inclusion of these associated loans within the eligible loans for transfer to NAMA is to cleanse the balance sheets of the banks of exposure to higher risk borrowers. It is clear that these associated loans could include loans relating to the purchase of shares. Therefore, if the loans referred to in the Deputy's question are associated with land and development loans eligible for transfer to NAMA, they too will be eligible.

I would remind the Deputy that I have made it clear on several occasions that the maximum price to be paid by NAMA for certain non-land and development loans will not exceed current market value, i.e. no long term value uplift will be applied.