Michael McGrath (Cork South Central, Fianna Fail)
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309. To ask the Minister for Finance if he will provide an itemised breakdown of amounts over €100,000 of the €13.1 million in fees paid by the National Asset Management Agency to professional firms under the headings of legal fees and portfolio management fees in 2014; in the tables to be provided, if he will include the name of the firm and-or person in question, and the amount, over €100,000, paid out to each firm and-or person; the reason there was a 33% increase in fees paid to professional firms by the agency in 2014; and if he will make a statement on the matter. [15744/15]

Michael Noonan (Limerick City, Fine Gael)
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In response to the Deputy's Parliamentary Question 81 of 2nd April 2015 (PQ 132827/15), NAMA provided a detailed aggregate breakdown of payments in excess of €100,000 to individual legal and portfolio management service providers. It is not appropriate in the context of Parliamentary Questions for NAMA to provide an invoice-by-invoice breakdown of incurred expenses, including for the reason that the provision of individual invoice details could have the effect of identifying individual debtors and individual debtor assets in contravention of sections 99 and 202 of the NAMA Act or may relate to specific legal advices in respect of matters currently before the courts. I am advised by NAMA that the increase in incurred expenses in 2014 reflects the significant increase in the volume of loan and property sales transactions from 1,800 in 2013 to 3,000 in 2014, representing an increase of 66%. This increase in transaction activity results in additional fees for legal and property services.