Bernard Durkan (Kildare North, Fine Gael)
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Question 101: To ask the Minister for Finance the extent to which the proposals and provisions set out in the context of the National Asset Management Agency have been achieved in accordance with projections; if he is satisfied that original projections in this regard are realisable; if the taxpayers' interests are adequately protected and safeguarded having regard to developments to date; and if he will make a statement on the matter. [11666/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The NAMA legislation provides for an annual statement to be produced by NAMA and for NAMA to submit quarterly reports, which I will make available to the Oireachtas. The first of these quarterly reports is in respect of the quarter ended 31 March 2010 and is due to be submitted to me on or before 30 June 2010. The draft Business Plan, published by the interim NAMA in October 2009, sets out certain targets and projections for NAMA. The publication of a business plan is a matter for the Board of NAMA which was appointed in December 2009.

I am aware that the Board proposes to review the Business Plan in the light of the extensive due diligence process currently under way and that any update to the Plan will be informed by information gleaned during that process and by the valuation of loans being transferred over the coming months. I am advised by NAMA that the NAMA Board proposes to publish a revised Business Plan by the 30th June 2010.