Written answers
Thursday, 17 May 2012
Department of Finance
National Asset Management Agency
5:00 pm
Patrick 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]
Michael 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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