Joe Costello (Dublin Central, Labour)
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Question 95: To ask the Minister for Finance if he will respond to a matter (details supplied) regarding the National Asset Management Agency; and if he will make a statement on the matter. [34271/11]

Michael Noonan (Limerick City, Fine Gael)
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NAMA has a commercial mandate to obtain the best achievable financial return on behalf of the State. It has emphasised repeatedly that one of its objectives is to instigate the sale of properties by its debtors and in order to facilitate this, it approves the sale of properties by debtors at realistic current market prices. In terms of determining an appropriate current level of pricing for particular properties, I am advised that NAMA has access to expert valuers with local knowledge of properties. In some cases, potential purchasers may disagree with NAMA-approved pricing. I am informed by NAMA that it is open to discussion with any potential purchaser on the sale of particular properties but only through engagement by those purchasers with sales agents acting for NAMA debtors or NAMA-appointed receivers.

It is not appropriate that details of individual sales transactions should be divulged or discussed in public. However, the Deputy will be aware that NAMA has set up a dedicated e-mail address, oir@nama.ie, to which members of the Oireachtas may direct questions on matters of public interest provided the terms of Section 221 of the National Asset Management Act 2009 are respected. Accordingly, NAMA informs me that if the Deputy directs his query through this channel, the agency will provide him with relevant information.