Written answers

Tuesday, 27 November 2012

Department of Finance

National Asset Management Agency

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance further to a report in a national newspaper that the chief executive officer of the Irish Bank Resolution Corporation (details supplied) has stated in relation to a reported bid for assets under the control of IBRC, it is the bank's policy not to continue relations with organisations that attempt to apply pressure by threatening to make communications public, if he will confirm if the National Asset Management Agency has a similar policy, and if so, if he will confirm the number of organisations with which NAMA is not continuing relations as a result of any such similar policy. [52445/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised that NAMA has no such policy in place and deals with all genuine counterparties in a professional manner.

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance further to a report in a Sunday newspaper, if he will confirm the maximum salary approved by the National Asset Management Agency at Harcourt Developments is €200,000. [52446/12]

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if he will confirm the maximum annual remuneration approved by the National Asset Management Agency at any of its developers, inclusive of pension contribution, consultancy fees and allowances. [52447/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 222 and 223 together.

I am advised by the National Asset Management Agency (NAMA) that information relating to its debtors and properties within their control is, within the meaning of Sections 99 and 202 of the NAMA Act 2009, confidential and that it is therefore precluded from discussing such matters.

As detailed in a response to the Deputy Gerry Adams (Ref No: 39693/12, 20th September 2012), NAMA has no agreements in place with debtor principals which authorise them to retain total remuneration in excess of €200,000 from their assets or businesses.

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