Tuesday, 19 February 2013

Questions (280)

Pearse Doherty


280. Deputy Pearse Doherty asked the Minister for Finance the reason the National Asset Management Agency has not provided potential purchasers of its Project Aspen and Project Club loan portfolios with standard valuations; and if such an omission is considered to be detrimental to the prospects of NAMA maximizing income from the disposals. [8754/13]

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Written answers (Question to Finance)

NAMA advises that methodology and strategies applied in the case of any given loan sale is determined after consultation and discussion with the appointed loans sale advisor. The approach adopted in any particular case will be determined by the ultimate objective of maximising sales proceeds.