Written answers

Thursday, 17 May 2012

Department of Finance

National Asset Management Agency

5:00 pm

Photo of Patrick NultyPatrick Nulty (Dublin West, Labour)
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Question 44: To ask the Minister for Finance the value of loans owed by a prominent property developer (details supplied) to the National Asset Management Agency; the values of assets held by the developer and available for their benefit; and if he will make a statement on the matter. [24681/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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Under Section 99 of the National Asset Management Agency Act 2009, NAMA and the NAMA group companies are bound by all of the obligations, including that of client confidentiality which relates to any asset acquired from a participating institution. Consequently it is not possible for NAMA to share that information with me or with the House.

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