Joan Burton (Dublin West, Labour)
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Question 227: To ask the Minister for Finance if loans scheduled for transfer to National Asset Management Agency (NAMA) are to be limited to those where the borrower owes in excess of €20 million, an increase on the original €5 million limit; the nominal value of loans scheduled for transfer to NAMA and the total value of the senior and subordinated NAMA bonds he expects to issue in lieu of these loans; when he expects the final tranche of loans to be transferred to NAMA; the aggregate discount on these loans and the discount per institution; and if he will make a statement on the matter. [35955/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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In my statement on banking on the 30th of September I set out a number of measures which are intended to reduce uncertainty in relation to the remaining transfers of bank assets to NAMA. The Government has decided after consultation with the Central Bank, the Financial Regulator, the European Commission and the NAMA Board that loans scheduled for transfer from AIB and Bank of Ireland are to be limited to debtors whose total exposure is above a threshold of €20 million. It is considered that smaller loans below this threshold would be better managed through the banks' branch networks and through local banking relationships. This change should also facilitate the completion of all NAMA transfers by year end. I have been advised by NAMA that there are 650 debtors with property-related debts of between €5m and €20m in these two banks accounting for €6.6 billion of NAMA eligible loans. As a result, NAMA now estimates that total loans with a nominal value of €73.6 billion will transfer for a consideration of €30.7 billion.

With the detailed loan-by-loan data available to NAMA from the transfer of the first two tranches and supplemented by information now available to it on the remaining loans, NAMA has been able to refine to a reasonable degree of accuracy its estimates of the discounts on the remaining loans to be transferred. NAMA has provided me with the estimated discount per institution on the remaining loans, as included in the following table.

Joan Burton (Dublin West, Labour)
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Question 228: To ask the Minister for Finance the breakdown of the non-NAMA loan book of the soon-to-be-nationalised Allied Irish Banks by geography, by sector, by loan type (details supplied); the extent to which each of these segments of the bank's loan book are already subject to write-downs; the extent these loan books are in arrears; and if he will make a statement on the matter. [35956/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Many of the details sought, by the Deputy, are contained in the bank's published Half Year Financial Report as at end June 2010. The relevant references in the financial statements are contained in the section entitled "Notes to the Interim Financial Statements" at Note numbers 22 and 23 (pages 72 to 80 inclusive) and Note number 26 (pages 82 – 84 inclusive). Some of the data requested is commercially sensitive and, as the Deputy will appreciate, is not available publicly for reasons of confidentiality and the relevant rules and regulations which apply to a listed company. The representation of AIB as a "soon-to-be-nationalised" institution is inaccurate. It is expected that, as a consequence of the decisions taken regarding the bank recently, the State may acquire a majority shareholding in AIB. It is intended that this recapitalisation will be undertaken in such as way that the bank will retain its market listing, with further details to be provided in due course in the prospectus.