Dáil Éireann Debate, Wednesday - 3 February 2010
121 Deputy Ruairí Quinn asked the Minister for Finance if he has had cause to revise any of the assumptions made in the draft National Asset Management Agency business plan, particularly with respect to the evolution of the property market, its likely low point and its expected uplift over the life of NAMA; and if he will make a statement on the matter. [5324/10]
View answerThe NAMA draft business plan published in October 2009, is a draft Business Plan that 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.
The figures included in the draft business plan are indicative figures. The NAMA Board was appointed in December 2009 and they will over the coming months analyse the real data in relation to eligible assets and valuation. Based on this analysis the Board will decide how best to update or revise the draft business plan, including in relation to the evolution of the property market.
