Written answers

Thursday, 17 April 2014

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

68. To ask the Minister for Finance if he has asked National Asset Management Agency, as part of the current review of the agency, to consider selling off large portions of its loan book through a small number of big ticket portfolio deals; and if he will make a statement on the matter. [18468/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

As the Deputy may be aware, in the context of my Department's review, I have asked NAMA to evaluate their disposal timing and strategy in the context of current market demand and explore the advantages and disadvantages of accelerating its disposal strategy. 

I understand that the NAMA Board is currently reviewing all strategic options and that the Board expects to complete this process in the near future at which point the Board will report its findings to me.

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

69. To ask the Minister for Finance the current book value and the estimated market value of loan assets and property assets currently under the control of National Asset Management Agency; if he will set out the proposed disposal schedule; and if he will make a statement on the matter. [18469/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

Details relating to NAMA s loan portfolio are set out in its Section 55 Quarterly Accounts, which are available on the Agency s website, .  The Deputy may also wish to note that NAMA s Annual Report and Financial Statements for 2013 will be published within the next two months as soon as the C&AG has completed its audit.  As the Deputy may be aware, the Board of NAMA, is currently undertaking a review of strategic options.  This review includes the disposal schedule. The Board expects to complete this process in the near future at which point the Board will report its findings to me.

Comments

No comments

Log in or join to post a public comment.