Gerry Adams (Louth, Sinn Fein)
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To ask the Minister for Finance the number of borrowers in the National Asset Management Agency who have one or more performing assets in NAMA; if these NAMA borrowers are allowed recoup income from the performing NAMA asset as well as the salary which the borrower is receiving from NAMA in accordance with their business plans with NAMA; and if he will make a statement on the matter. [39690/12]

Michael Noonan (Limerick City, Fine Gael)
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NAMA advises that performance status is determined on a loan by loan rather than a debtor by debtor basis. Details on the percentage of performing loans are set out on a quarterly basis in NAMA's Section 55 Report. The most recent report that is publicly available covers the three months to end-March 2012 and is available on NAMA's website, www.nama.ie. NAMA advises that it captures income deriving from assets under the control of its debtors to make payments of interest and principal on their loans.

In some cases, NAMA permits debtor connections to retain part of the income from their income-producing assets to pay certain overhead costs required to preserve, manage and enhance the value of the assets securing the Agency's loans. Such overhead costs include costs associated with repair and maintenance of properties and an allowance for the remuneration of debtors and the staff employed by them to manage the assets.