Dáil Éireann Debate, Wednesday - 12 December 2012
58. Deputy Gerry Adams asked the Minister for Finance further to Parliamentary Question No. 72 of 28 November 2012, if he will detail the cumulative salary cost to Irish Bank Resolution Corporation for the estimated 230 full-time people in IBRC working on the National Asset Management Agency portfolio for 2010, 2011 and projected for 2012; and if he will make a statement on the matter. [55917/12]
View answerI have been informed that it is not IBRC practice to separately breakdown the staffing cost element of its recharge to NAMA. As disclosed in the Bank’s 2012 Interim Report a total of 256 people either work directly in or provide support to the Bank’s NAMA unit. IBRC’s 2012 Interim Report, which covers the period from January to June 2012, disclosed that NAMA were charged €15m in relation to the servicing of loans acquired from the Bank. The corresponding charge for IBRC for 2011 was €28m (includes former INBS for H2 2011) and for the former Anglo Irish Bank for 2010 was €7m. The figures quoted include all costs, including staff costs, incurred in servicing this loan portfolio.
