Brendan Griffin (Kerry South, Fine Gael)
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194. To ask the Minister for Finance if he will investigate a matter (details supplied) concerning the National Asset Management Agency; and if he will make a statement on the matter. [3407/15]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by NAMA that it has an exposure through its loans to two of the five developments referenced in the Deputy's Parliamentary Question. NAMA advises that in both cases, the developments are managed by the Joint Fixed Charge Statutory Receivers.

The Receivers are responsible for, inter alia, overseeing the sale of properties in accordance with NAMA's requirement that all such sales be fully openly marketed. As the Deputy will be aware the Receivers are obliged, in accordance to their independent statutory and fiduciary duties as agents of the original borrowers, to maximise the proceeds from all sales. The Receivers will, following the culmination of the related sales processes, make a recommendation to NAMA, which it, in turn, will consider in the context of its statutory mandate to maximise the return to Irish taxpayers from the management and ultimately the sale of loans and the sale of properties and other assets securing those loans by debtors and receivers of.

I would advised the Deputy to contact NAMA directly on this issue or similar queries raised by his Constituents and NAMA will follow up directly with the owner of the related property or, as in this instance, the appointed receivers. I am advised by NAMA that members of the public can raise any sales related query or complaint directly with it through its dedicated email address, and that all such queries are followed-up on and responded to quickly.