Michael McGrath (Cork South Central, Fianna Fail)
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147. To ask the Minister for Finance the number of rent reductions that have been approved by the National Asset Management Agency; the number of applications outstanding at present; and if he will make a statement on the matter. [29744/15]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by NAMA that it has received 411 eligible applications for rent abatement, through its debtors and receivers, under its Guidance Note on Upwards Only Rent Reviews, and that, of these, 360 have been approved and a further 39 are currently being assessed. Furthermore, I am advised that just 12 of the 411 eligible applications have been refused.