Written answers

Wednesday, 18 December 2013

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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73. To ask the Minister for Finance the amount of fees incurred by the National Asset Management Agency in respect of the appointment of receivers to NAMA debtors in each of the years in 2012 and to date in 2013; the number of receivers that have been appointed by NAMA for each of these years; and the number of different professional firms that have been appointed as receivers by the agency. [54561/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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NAMA advises that to the end-November 2013, a total of 350 Receiver appointments had been made. Since 2010, NAMA has selected 52 separate firms in respect of its 159 appointments and the Participating Institutions (PIs) have engaged 48 separate firms in respect of their 191 appointments. NAMA advises that receiver appointments include those made prior to the acquisition of the loans by NAMA. Receiver appointments by the PIs include appointments made since acquisition of the loans by NAMA which continued to be managed by the PIs. A breakdown for the years requested is provided as follows:

-Number of AppointmentsTotal cost
201263€18.5m
2013(to date)79€21.3m

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