Written answers

Tuesday, 5 November 2013

Department of Finance

NAMA Portfolio Issues

Photo of Séamus KirkSéamus Kirk (Louth, Fianna Fail)
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176. To ask the Minister for Finance if he will provide a county breakdown of building land in possession of the National Asset Management Agency; and if he will make a statement on the matter. [46141/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The Agency’s Annual Report and Financial Statement 2012 give a geographical breakdown of the total portfolio albeit not by county. A county breakdown of property securing NAMA’s loans, by value, was provided in the Agency’s Annual Report and Financial Statements for 2011, which is available on the NAMA website, www.nama.ie. NAMA advises that the geographical distribution of building land is closely aligned with the overall portfolio breakdown as set out in the 2011 Report. NAMA has pointed out that in excess of 90% of all Irish properties securing its loans are located in Dublin, the wider Greater Dublin Area, Limerick, Cork and Galway.

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