Pearse Doherty (Donegal South West, Sinn Fein)
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276. To ask the Minister for Finance the volume of National Asset Management Agency loan and asset sales in 2014. [18303/15]

Pearse Doherty (Donegal South West, Sinn Fein)
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277. To ask the Minister for Finance the target of loan and asset disposals by the National Asset Management Agency in 2015 and that achieved in 2014. [18304/15]

Pearse Doherty (Donegal South West, Sinn Fein)
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278. To ask the Minister for Finance the value of the National Asset Management Agency's loans and assets being disposed of, on a monthly basis, over the past year, and by year from the establishment of the Agency to date. [18305/15]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 276 to 278, inclusive, together.

Information on NAMA-related loan and asset disposals more generally is included in the Agency's annual accounts for 2010, 2011, 2012 and 2013 and the Agency's quarterly accounts which are published in accordance with Section 55 of the NAMA Act.  NAMA's annual and quarterly accounts are publicly available on the Agency's website, .

NAMA advises that to end-2014 it had generated more than €23.5 billion in total cash, €18.7 billion of which was generated through the sale of loans and property and other assets held as security. Asset and loans sales by NAMA and its debtors/receivers generated €0.4 billion in cash proceeds in 2010, €3.7 billion in 2011, €3 billion in 2012, €3.7 billion in 2013 and €7.8 billion in 2014. The particularly strong performance in 2014 enabled NAMA to redeem €9.1 billion of senior debt in that year. I am advised by NAMA that more detailed information on loan and asset disposals in 2014 will be included in the Agency's Annual Report and Financial Statements for that year, which is scheduled to be published before the end of May.

The strategy and timing of sales is a matter for NAMA in accordance with its statutory independent commercial mandate and I have no role as Minister for Finance in this respect.  The Deputy will be aware that the NAMA Chief Executive has stated that NAMA is aiming to redeem a cumulative 80% (€24 billion) of its senior debt by the end of 2016.  NAMA's asset management and asset recovery activities, including loan and asset sales, in 2015 and 2016 will be aimed at achieving this target.