Michelle Mulherin (Mayo, Fine Gael)
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188. To ask the Minister for Finance the precedent for the National Asset Management Agency to sell properties and other assets by a bidding process whereby a bid which stipulates an offer as a percentage higher than the offer of the highest bidder is preferred; if this is an acceptable way of bidding; and if he will make a statement on the matter. [7821/14]

Michael Noonan (Limerick City, Fine Gael)
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I am advised that, the situation described in the question has not occured in the sales process to date. In all cases, NAMA s sales strategy is informed by the objective of achieving the best possible outcome for the taxpayer and the best mechanism to achieve that is through openly marketing the asset.

Michelle Mulherin (Mayo, Fine Gael)
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189. To ask the Minister for Finance the priority that is given by the National Asset Management Agency to the retention of jobs as a consideration in the sale of businesses as a going concern or other assets; and if he will make a statement on the matter. [7825/14]

Michael Noonan (Limerick City, Fine Gael)
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NAMA is obliged by Section 10 of the NAMA Act to obtain the best achievable return. However, NAMA attaches a very high priority to the preservation of jobs in any businesses that have loans with the Agency.  As evidence of this, NAMA, through the deployment of working capital, is directly supporting 15,000 jobs in Ireland in trading businesses linked to its loans.  The sectors involved include property, hotel and leisure, retail, healthcare, manufacturing and agriculture. 

Michelle Mulherin (Mayo, Fine Gael)
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190. To ask the Minister for Finance the steps and the standard operating procedures which are undertaken by the National Asset Management Agency from the acquisition of assets right through to their disposal; and if he will make a statement on the matter. [7826/14]

Michael Noonan (Limerick City, Fine Gael)
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The acquisition of loans from financial institutions is governed by the NAMA Act 2009 and EU Commission approval. NAMA deploys a complex and highly sophisticated set of operating procedures from the initial acquisition of loans through to the disposal of the loans or the disposal of the property and other assets securing the loans.  I am advised by NAMA that these procedures are outlined in considerable detail in a series of NAMA annual reports, beginning with its 2010 Report.  The Deputy may wish to refer, in particular, to pages 16-23 of the NAMA 2010 Annual Report, pages 23-31 of the NAMA 2011 Annual Report and pages 23-32 of the NAMA 2012 Annual Report.  NAMA s annual reports are available on its website, .