Charlie McConalogue (Donegal North East, Fianna Fail)
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Question 47: To ask the Minister for Finance if he will provide details of moneys lent by the National Asset Management Agency to complete projects here and in the UK; and the profit made from the sale of these projects. [9702/11]

Michael Noonan (Limerick City, Fine Gael)
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All approvals of working and development capital are subject to a credit decision-making process which has been approved by the Board of NAMA. I am advised by NAMA that, up to the end of March 2011, NAMA had approved advances of €771m of working and development capital. Of this, it is estimated that €280m relates to projects which are based in the UK. Only a small number of the projects involved have yet been completed and offered for sale and it is not yet possible to estimate any profits that may arise from their future sale.