Tuesday, 19 February 2013

Questions (293, 294)

Terence Flanagan

Question:

293. Deputy Terence Flanagan asked the Minister for Finance the number of staff from the old Irish Bank Resolution Corporation that the National Asset Management Agency expects to re-employ; the length of time he expects staff contracts to last; and if he will make a statement on the matter. [8872/13]

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Terence Flanagan

Question:

294. Deputy Terence Flanagan asked the Minister for Finance when he expects the National Asset Management Agency to draw up a new business plan as a consequence of the liquidation of the Irish Bank Resolution Corporation; and if he will make a statement on the matter. [8873/13]

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Written answers (Question to Finance)

I propose to take Questions Nos. 293 and 294 together.

I am advised by NAMA that as it will not have visibility on the portfolio to be acquired until late August, following the completion of a loans valuation and sales process by the Special Liquidators, it is premature at this stage to comment on the matters raised by the Deputy.

Questions Nos. 295 and 296 answered with Question No. 288.