Tuesday, 19 February 2013

Questions (278)

Pearse Doherty


278. Deputy Pearse Doherty asked the Minister for Finance if he will confirm the number of completed transactions where the National Asset Management Agency has provided so-called vendor finance; the total value of such finance provided and the total amount of such finance presently outstanding. [8752/13]

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Written answers (Question to Finance)

I am advised by NAMA that it envisages that it will make up to €2 billion in vendor finance available, mainly in Ireland, on commercial terms to purchasers of commercial properties securing its loans. The further details sought by the Deputy relate to the commercial dealings of NAMA and publication or otherwise of this information is a matter for NAMA in the context of commercial objectives and in the context of how it can best meet those objectives.