Dáil Éireann Debate, Thursday - 26 April 2012
61 Deputy Michael McGrath asked the Minister for Finance if he expects the National Asset Management Agency to purchase any further loans from the covered institutions; and if he will make a statement on the matter. [21061/12]
View answerI am advised by NAMA that it does not, at this stage, expect to acquire any additional loans from the participating institutions. However, I am advised that, in NAMA's engagement with a minority of debtors, certain loans have come to light which were not initially deemed eligible by the institutions concerned but which, following review, are now considered to be eligible. In cases where acquisition of these loans is considered vital to enable a debtor's exposure to be managed effectively, NAMA reserves the right to acquire them.
