Michael McGrath
Question:75 Deputy Michael McGrath asked the Minister for Finance his views on the possibility of selling the National Asset Management Agency in the future; and if he will make a statement on the matter. [40229/11]
View answerWednesday, 14 December 2011
Questions (74)
Written answers
In his recently published NAMA Review, Mr Michael Geoghegan stated that "an eight year exit strategy for NAMA needs to be developed and hence NAMA needs to start thinking now as to what size it will be and what experience it will have by the years 2017-2019, so that a possible trade sale could be achieved". The Deputy will be aware that I have asked Mr Geoghegan to chair an Advisory Group which I am establishing to advise me on NAMA's strategy and its capacity to deliver on that strategy through property disposal and the ongoing management of its assets. Any decision that I may make regarding NAMA's future will be informed by the advice of the Advisory Group.