Written answers
Tuesday, 16 July 2013
Department of Finance
NAMA Loan Book
Pearse Doherty (Donegal South West, Sinn Fein)
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262. To ask the Minister for Finance the number of asset management companies that have been commissioned by the National Asset Management Agency to date; their names; the total value of the assets being managed by these third party companies; the individual and total fees being paid to these third party companies; and his views that NAMA, an asset management company, has chosen this policy of commissioning third parties to manage its assets [34764/13]
Michael Noonan (Limerick City, Fine Gael)
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I am advised by NAMA that it has not commissioned any asset management companies. NAMA carries outs its own asset management and debtor management directly and otherwise its loans are serviced by the two participating institutions and, in the case of the former IBRC portfolio, by the Special Liquidators to IBRC.
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