Written answers

Tuesday, 18 February 2014

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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211. To ask the Minister for Finance further to statements by the chairman of the National Asset Management Agency on 8 March 2012 to the Joint Committee on the Implementation of the Good Friday Agreement when he stated we had made 15 insolvency appointments in Northern Ireland and made 214 appointments in total and proportionate to the portfolio, that is not unreasonable, if he will provide the up-to-date position on the quantum of insolvency appointments in Northern Ireland; and the total number of appointments made by NAMA. [8179/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised by NAMA that its enforcement in Northern Ireland is proportionate to the scale of its exposure to Northern Ireland debtors and in line with the approach adopted in other jurisdictions in which it operates.  NAMA advises that it has taken enforcement against 19 Northern Ireland debtor connections and against 280 debtor connections or part thereof in total.

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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212. To ask the Minister for Finance if he will provide, in tabular form, the amount of advances approved and actually paid over by the National Asset Management Agency to borrowers since NAMA's inception to date, categorized by jurisdiction, specifically, the South of Ireland, the North of Ireland, Britain and the rest of world. [8180/14]

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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213. To ask the Minister for Finance if he will provide, in tabular form, the amount of advances approved and actually paid over by the National Asset Management Agency to borrowers since NAMA's inception to 23 May 2012 when NAMA announced a new and additional €2 billion investment fund, categorised by jurisdiction, specifically, the South of Ireland, the North of Ireland, Britain and the rest of world. [8181/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 212 and 213 together.

The detail sought by the Deputy is set out in tables.

New Advances: Approved and Drawn

 -ApprovedDrawn
From Inception To May 2012€1,302.2m€643.3m
From Inception To December 2013€2,426m€1,160m

New Advances: Drawn by Jurisdictions

 -To May 2012To December 2013
Ireland44%45%
Northern Ireland1%2%
Britain49%47%
Other6%6%

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