Written answers
Thursday, 17 June 2010
Department of Finance
National Assets Management Agency
5:00 pm
Ciarán Lynch (Cork South Central, Labour)
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Question 12: To ask the Minister for Finance if he will provide an update on the preparation of a revised National Assets Management Agency business plan; when he expects the publication of a revised NAMA business plan; and if he will make a statement on the matter. [25613/10]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The Board of NAMA has committed to the production of an updated business plan which it will submit to me by 30 June 2010 and which is expected to be published shortly thereafter.
The business plan is a matter for the Board. However, the CEO of NAMA has advised me that the Board when reviewing the business plan will take account of the actual data now available to it arising from the transfer of the first tranche of loans.
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