Dáil Éireann Debate, Tuesday - 9 October 2012
154. Deputy Stephen S. Donnelly asked the Minister for Finance if he will clarify and expound on recent media comments (details supplied) that indicated the National Asset Management Agency faces a loss of up to €15 billion; and if he will make a statement on the matter. [42869/12]
View answerAs the Deputy is aware NAMA's expectation is that over its projected ten-year life, it will redeem, at minimum, the Senior Bonds issued as consideration for acquired loans in addition to recovery of its carry costs and the working and development capital expenditure it has advanced to debtors. I have no reason to doubt the Agency's view that it will achieve its targets over its lifetime.
