Gerry Adams (Louth, Sinn Fein)
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Question 168: To ask the Minister for Finance the current estimated value of the National Asset Management Agency's loan book; if he will provide a breakdown of the value of the US loan book, the British loan book, the European loan book and the Irish loan book, respectively; and if he will provide an update on NAMA plans for the sale of these loan books. [11352/12]

Michael Noonan (Limerick City, Fine Gael)
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The most recent estimate of the accounting value of the NAMA loan portfolio is as provided for in the NAMA accounts for the third quarter of 2011. This is available on the NAMA website, www.nama.ie. I am advised by NAMA that due diligence on all of the acquired loans is not yet complete so it is not in a position to provide the final breakdown of the data requested. However, based on a preliminary analysis of the property assets securing its loans (assets valued by reference to the November 2009 valuations) 56 per cent of such assets are located in Ireland; 34 per cent in Britain; 4 per cent in Northern Ireland and the remaining in Europe and the US. Based on the November 2009 valuation, the value of Irish property assets would be of the order of €18bn, the value of British property assets would of the order of €11bn; Northern Ireland property assets of the order of €1.3bn and residual Europe and US assets of about €1.7bn.

NAMA's Board has a mandate under the NAMA Act to achieve the best financial return for the State. Its aim is to dispose of loans and the property assets underpinning these loans in a way which maximises returns for the taxpayer. That disposal strategy is subject to ongoing review by the Board.