Niall Collins (Limerick County, Fianna Fail)
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85. To ask the Minister for Finance the amount paid to each receiver appointed by NAMA since its establishment; and if he will make a statement on the matter. [12387/18]

Paschal Donohoe (Dublin Central, Fine Gael)
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I wish to advise the Deputy that all receivers appointed to NAMA-secured properties are selected from NAMA's insolvency service provider panel which was established following a competitive public procurement process through which very competitive fixed-fee rates were achieved relative to prevailing market norms. 

I am advised that, in general, fees are not paid to receivers directly by NAMA but are instead paid out of the proceeds of assets under receivership or the management of these assets, pending realisation. Fees for any particular insolvency are set by reference to the fees quoted by the insolvency practitioner as part of the public procurement process.  All appointments are subject to on-going monitoring and evaluation and, in many cases, additional fee reductions are negotiated to ensure that fees are appropriate for the amount of work remaining on any given appointment.  Typically fees reduce as the assignment progresses and the number of assets reduces by way of disposals or otherwise.  However, this depends on the complexity of the insolvency and the issues that may emerge during its course.

The fees paid to receivers for their work on NAMA-secured assets from inception to end-2017 are outlined in the following table. This includes fees paid to receivers who were appointed to assets prior to the acquisition of the related loans by NAMA.

Receiver Payments by NAMA from inception to end-2017