Written answers

Tuesday, 19 February 2013

Department of Finance

NAMA Investment Funds

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 number of completed transactions where the National Asset Management Agency has provided so-called vendor finance; the total value of such finance provided and the total amount of such finance presently outstanding. [8752/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised by NAMA that it envisages that it will make up to €2 billion in vendor finance available, mainly in Ireland, on commercial terms to purchasers of commercial properties securing its loans. The further details sought by the Deputy relate to the commercial dealings of NAMA and publication or otherwise of this information is a matter for NAMA in the context of commercial objectives and in the context of how it can best meet those objectives.

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