Joe Carey (Clare, Fine Gael)
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Question 1410: To ask the Minister for Tourism, Culture and Sport the steps she will take and the timeframe envisaged in dealing with both the National Assets Management Agency and bank-operated hotels; and if she will make a statement on the matter. [33457/10]

Mary Hanafin (Dún Laoghaire, Fianna Fail)
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I have been encouraging NAMA to take a strategic approach to the hotel sector, to build up its own expertise in this area and to consult with sectoral interests, including the Irish Hotels Federation whom I have met on several occasions on this subject. I note that NAMA has recently appointed a senior official to help deal with this aspect of its loan portfolio. I intend to meet NAMA over the coming weeks to discuss overall policy in relation to the tourism industry, but not specific cases.

In regard to the actions of banks, Section 66(1)(a) of the NAMA Act, 2009 was included to ensure that applicant institutions continue to service loans in the same manner as a prudent lender. If the Deputy, or anybody else, is aware of any specific instances where participating institutions in NAMA are not adhering to the requirement of the Act they should bring the matter to the notice of the Minister for Finance.