The NAMA draft business plan published in October 2009, was prepared by the interim NAMA team for the purpose of outlining the background to NAMA and the manner in which it will carry out its functions and duties. It is important to emphasise that much of the information regarding the prospective NAMA portfolio included in this draft Business Plan is based on aggregate data which had been provided by the various institutions.
The NAMA Board was appointed in December 2009 and they will consider the draft plan and how to update it or revise it. Any such revision will be based on detailed data which will be presented and analysed in the context of the acquisition by NAMA of eligible assets. It will not be possible to prepare a revised business plan based on an analysis of the actual data submitted to NAMA for some months yet.
The NAMA Act requires an annual statement by 1st July 2010 and a detailed quarterly report to be submitted by the 30th June 2010. I would expect that NAMA would also provide its revised business plan in or around that time.