Written answers

Tuesday, 28 February 2017

Photo of Paul MurphyPaul Murphy (Dublin South West, Anti-Austerity Alliance)
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227. To ask the Minister for Finance the amount of debt repaid by debtors who are leaving NAMA; the amount of debt they had owed when entering NAMA; and if he will make a statement on the matter. [10071/17]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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In answering the Deputy's question I would refer the Deputy to the information that is published by NAMA on a quarterly basis as part of its Section 55 report.  This information is laid before the Houses and is available on the NAMA website.

Footnote 15 of the NAMA quarterly Report and Accounts sets out a full reconciliation of the movement in NAMA's loans and receivables.  This quarterly reconciliation provides a great deal of insight into the various movements in loans and receivables over the life of NAMA.

The Supplementary Information Provided as part of the Section 55 report also provides helpful detail regarding the NAMA loan book.  Section 4, romanette 2, entitled the "Number and Condition of Outstanding Loans," provides high level loan performance metrics.  Section 4, romanette 3, entitled "Categorisation of non-performing as the degree of default," categorises all non-performing loans by degree of default.  Both of these sections contain detailed information regarding:

- the number of loans outstanding;

- the nominal value of these loans  (i.e. the amount owed to NAMA by the borrower);

- NAMA's carrying value pre-impairment; and

- NAMA's carrying value less impairment.

These reports, which have been published quarterly since NAMA's inception, provide a rich source of information regarding the progression of the NAMA loan book over time and allows any interested party to monitor the progression of the NAMA loan book, including:

- the amount of debt repaid by debtors over time;

- the amount of debt owed by debtors over time;

- the performance and delinquency status of that debt over time;

- the value NAMA attributes to that debt, over time; and

- the number of connections to which that debt relates, over time.

This information provides the Deputy with a rich history of data which am sure will be of interest in answering his question and providing additional insight into the NAMA loan book.

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