Written answers

Tuesday, 12 May 2015

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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280. To ask the Minister for Finance if he will provide a breakdown, by geographical area and by commercial and residential sector, of the remaining existing National Asset Management Agency's assets and loans on its books. [18307/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised by NAMA that a breakdown of the Agency's property security by geography and sector is available in the Annual Report and Financial Statements for 2013. An updated breakdown of the Agency's will be included in its Annual Report and Financial Statements for 2014, which is scheduled to be published at the end of May.

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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281. To ask the Minister for Finance his views on the use of National Asset Management Agency assets, to date, for social and economic value to the State, listing the assets used, their purposes, their value on the agency's books and his plans for their future use. [18308/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I refer the Deputy to NAMA's website, , which contains extensive information on how NAMA, within the context of its overriding commercial objective, seeks to manage its portfolio in a manner that complements the objectives of Government departments, local authorities, State agencies and other public bodies.  NAMA's work in this respect includes providing homes for social housing, making properties available for schools and other public uses, working with IDA Ireland to identify suitable properties for companies investing in Ireland, and agreeing rent abatements with businesses to support jobs in the retail sector.  NAMA is statutorily obliged to conduct all such engagements by reference to its overriding commercial mandate, as set out in Section 10 of the NAMA Act.

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