Dara Calleary
Question:40 Deputy Dara Calleary asked the Minister for Finance the Government’s policy is on the NAMA (Amendment) Bill 2010. [5419/11]
View answerWednesday, 23 March 2011
Questions (40)
Written answers
The NAMA (Amendment) Bill 2011 which was published on 26 January 2011 made provision for the transfer of sub €20 million land and development loans from Allied Irish Banks and Bank of Ireland with a view to achieving further deleveraging of those banks. The Government has clearly stated in the Programme for National Government that further asset transfers to NAMA are unlikely to improve market confidence in either the banks or the State. At this stage, it is not intended to proceed with the Bill. Consideration of a range of options in terms of reorganisation of the banking sector is ongoing in conjunction with the domestic and external authorities.