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National Asset Management Agency

Dáil Éireann Debate, Tuesday - 12 June 2012

Tuesday, 12 June 2012

Questions (125)

Pearse Doherty

Question:

216 Deputy Pearse Doherty asked the Minister for Finance following the recent publication of a special report by the Comptroller and Auditor General, the adjustment, if any, that has been made by the National Asset Management Agency in respect of the €5 billion payment made for the acquisition of loans on an interim basis pending completion of valuation and due diligence. [27946/12]

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Written answers

In respect of the €5 billion payment made in the final quarter of 2010 for the acquisition of loans on an interim basis pending completion of valuation and due diligence, I am advised by NAMA that the adjustment will be an overall clawback of €142 million from the institutions with due diligence and loan valuations now finalised.

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