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National Asset Management Agency

Dáil Éireann Debate, Thursday - 17 May 2012

Thursday, 17 May 2012

Questions (44)

Patrick Nulty

Question:

44 Deputy Patrick Nulty asked the Minister for Finance the value of loans owed by a prominent property developer (details supplied) to the National Asset Management Agency; the values of assets held by the developer and available for their benefit; and if he will make a statement on the matter. [24681/12]

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Written answers

Under Section 99 of the National Asset Management Agency Act 2009, NAMA and the NAMA group companies are bound by all of the obligations, including that of client confidentiality which relates to any asset acquired from a participating institution. Consequently it is not possible for NAMA to share that information with me or with the House.

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