Written answers

Wednesday, 17 May 2023

Department of Finance

National Asset Management Agency

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats)
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36. To ask the Minister for Finance if, in the context of Section 10 of the National Asset Management Agency Act 2009, he will provide a schedule of the funds released to its debtors and receivers in cases where it was demonstrated that such funding would enhance or protect the value of the assets securing NAMA’s loan portfolio, on an annual basis to date in 2023; and the names of debtors and receivers that were granted funding, by amount. [23432/23]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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I refer the Deputy to my response of 10th May 2023 to question 56 which states that, by virtue of Sections 99 and 202 of the NAMA Act, NAMA is legally precluded from disclosing confidential debtor information, including specific details relating to loans advanced to individual debtors or receivers.

I am advised by NAMA that, from inception to end-2022, and to end-April 2023, €5.3 billion has been advanced by the Agency to its debtors and receivers. This funding includes funding advanced by NAMA to enhance or protect the values of secured assets.

The table below sets out cumulative funding advanced by NAMA per annum to its debtors and receivers. Owing to NAMA’s statutory confidentiality obligations already referred, a more detailed debtor-by-debtor breakdown cannot be provided to the Deputy.

Year Total Advances (€m)
2010 240 
2011 304 
2012 278 
2013 328 
2014 624 
2015 855 
2016 640 
2017 572 
2018 492 
2019 405 
2020 245 
2021 136 
2022 173 
2023 to end-April 43 
Total 5,334 


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