Written answers

Wednesday, 25 June 2025

Department of Finance

National Asset Management Agency

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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45. To ask the Minister for Finance the total number of employees at NAMA that have not entered into a voluntary redundancy scheme; the number of employees that have not entered a redundancy scheme that earn above €200,000; if the CEO has entered a redundancy scheme; and if he will make a statement on the matter. [34561/25]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I wish to advise the Deputy that, as recently published in the 2024 NAMA Financial Statements, 75 employees assigned to NAMA are expected to leave via the redundancy programme for employees assigned to NAMA.

Of the two other remaining employees assigned to NAMA, one will be assigned in the first instance to the NTMA Resolution Unit. The other is the current NAMA CEO, in respect of whom the NTMA has advised no final arrangements have been made at this time.

As the Deputy will be aware, all employees assigned to NAMA are employed by the NTMA.

Photo of Mairéad FarrellMairéad Farrell (Galway West, Sinn Fein)
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46. To ask the Minister for Finance to provide the par value of loans acquired by NAMA from each associated bank; the value of securities/funds provided to each bank in return; and the number of loans received by NAMA from each bank, in tabular form; and if he will make a statement on the matter. [34596/25]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I wish to advise the Deputy that NAMA acquired impaired loans with a par debt of €74 billion. In return, the banks received consideration of €32 billion, 95% of which was government-guaranteed senior debt issued to the financial institutions and therefore a contingent liability for Irish taxpayers.

The table below sets out the requested information. Since its establishment in December 2009, the Agency has successfully achieved its commercial mandate set for it by the Oireachtas.

As the Deputy may be aware, in Q1 2025 the NAMA Board increased its overall surplus projection to €5.5 billion from €5.2 billion, an increase of €300 million. This includes a projection of €450m in tax paid by NAMA to the Exchequer. By end 2024, €4.69 billion from NAMA’s surplus had been transferred to the State, inclusive of tax payments made, NAMA expects to transfer a further €800 million surplus (including National Asset Residential Property Services (NARPS)) by the time it completes its work at end-2025.

Once NAMA had repaid all debt (€31.8bn) and equity (€56m) obligations, it was able to commence the transfer of its surplus funds to the Exchequer in 2020.

- AIB Anglo BOI EBS INBS Total
Loan balances transferred to NAMA €20.4bn €34.1bn €9.9bn €0.9bn €8.7bn €74bn
Consideration paid by NAMA €9.0bn €13.4bn €5.6bn €0.4bn €3.4bn €31.8bn
Number of loans 4,700 5,800 1,800 500 700 13,500
*All figures are rounded in the table above.

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