Michael McGrath (Cork South Central, Fianna Fail)
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125. To ask the Minister for Finance the book value and estimated market value of the loan assets held by NAMA; the details by geographic area, for example, Ireland, the UK and so on; if a decision has been made to accelerate the disposal of NAMA assets; and if he will make a statement on the matter. [53790/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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The most recent details on NAMA's remaining portfolio are available in the Agency's quarterly section 55 accounts for Q2 of 2017.  This report is publically available under the Publications section of the NAMA website. In particular, page 29 of the section 55 accounts details the book value of NAMA's loan assets at 30 June 2017. As outlined in these accounts, the carrying value of NAMA’s loan portfolio at 30 June 2017, net of cumulative impairment, was €3.7 billion.

Regarding the geographic breakdown of the remaining portfolio, I am advised that, at 30 June 2017, 85% of the assets securing NAMA’s loan portfolio were located in Ireland, 10% were located in the UK (including Northern Ireland), 4% was located in the rest of the world and the remaining 1% related to non-real estate assets.

It is expected that updated information will be available after I receive NAMA’s section 55 report and accounts for Q3 in the coming weeks. I expect to lay that report before the Oireachtas as soon as possible thereafter.

I am advised that the NAMA Board has devised and is implementing its strategy to deleverage all the assets by end-2020 while also facilitating housing and commercial office space delivery. No decision has been made to accelerate the disposal of NAMA’s remaining assets as to do so may compromise NAMA’s statutory objectives to obtain the best achievable return. NAMA is currently on target to deliver a €3 billion surplus which I very much welcome.