Written answers

Wednesday, 18 April 2012

Department of Finance

National Asset Management Agency

10:00 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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Question 95: To ask the Minister for Finance if he will provide a breakdown of the National Assets Management Agency's professional fees incurred since 2010. [17685/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I refer the Deputy to my response to Parliamentary Question 8013/12 regarding NAMA contracts, which my Department forwarded by letter to the Deputy on 20 March 2012. That response provides a very detailed account of all contracts and fees paid by NAMA since its inception to end January 2012.

I am advised by NAMA that in the short timeframe available for this question they were not able to collate relevant data for the intervening period since January 2012. However, I have requested that NAMA furnish that information to me as soon as practicable at which point I will forward that to the Deputy within a week.

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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Question 96: To ask the Minister for Finance if he will provide a breakdown of fees paid by, or on behalf of the National Assets Management Agency in respect of public relations, media relations and associated activities. [17686/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised by NAMA that it, operating under the aegis of the National Treasury Management Agency (NTMA), draws on the NTMA's shared services in a number of areas including its outsourced press office facility. NAMA further advises that it reimburses the NTMA in respect of the costs of these services attributable to NAMA. The NTMA does not maintain an internal press office. Instead, it has appointed an external service provider (following a public procurement process) to provide a full press office service (including out-of-hours service) for national and international media across all the NTMA's business areas: funding and debt management, the National Pensions Reserve Fund, the National Development Finance Agency, the State Claims Agency, NewERA and NAMA.

The NTMA put these arrangements in place during 2010 in light of a very significant increase in the volume of media queries. The costs of the service are primarily a factor of the volume of media activity. The costs attributable to NAMA (including VAT) were €63,032 in 2010 and €135,948 in 2011.

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