Michael McGrath (Cork South Central, Fianna Fail)
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76. To ask the Minister for Finance the number of debtors the National Asset Management Agency, NAMA, had on its books when all the loans were transferred; the number of debtors and the book value of loans that remain on the agency's books; the number of debtors the agency has concluded a final deal with; the number of such deals that involve balances owed to the agency being ultimately written off; and if he will make a statement on the matter. [8704/15]

Michael Noonan (Limerick City, Fine Gael)
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NAMA originally paid €31.8 billion to acquire a €74 billion loan book, comprising of 779 debtor connections.  I am informed that as at 30 September 2014, in accordance with NAMA's most recent published accounts, the carrying value of NAMA's loans amounted to €14.6 billion, comprising of 670 debtor connections. Of the 109 debtor connections that have reached a final agreement with NAMA, 62 relate to debtor connections whose loans were sold and 47 to debtor connections where NAMA has concluded a final settlement agreement directly with the debtor connections resulting in no remaining par debt being owed to NAMA. As at 30 September 2014, of the original €74 billion par debt acquired, the total amount of debt compromised or written off by NAMA as part of such final settlement agreements is €0.3 billion. This debt is written off when all the assets are disposed of and there is no further financial recourse available. NAMA will, as in previous annual reports, include, as part of its 2014 Annual Report and Financial Statements which are expected to be published in May 2015, a full reconciliation of the movement of its loans and receivables balance, including all debt written off.