NAMA Loan Book

Dáil Éireann Debate, Thursday - 21 February 2013

Thursday, 21 February 2013

Questions (88, 89)

Gerry Adams

Question:

88. Deputy Gerry Adams asked the Minister for Finance if he will detail the total original book value of the €33.9 billion of assets which were transferred from Anglo Irish Bank to the National Asset Management Agency in 2010 that have been sold, brought to maturity or realised by NAMA; if he will detail the percentage of the €33.9 billion of assets which were transferred from Anglo Irish Bank to NAMA in 2010 that have been sold, brought to maturity or realised by; and if he will make a statement on the matter. [9510/13]

Gerry Adams

Question:

89. Deputy Gerry Adams asked the Minister for Finance if he will detail the total original book value of assets that were transferred from the old INBS to the National Asset Management Agency; if he will detail the total original book value of the assets that have been sold or brought to maturity; if he will detail the percentage of the assets which were transferred from INBS to NAMA that have been sold or brought to maturity; and if he will make a statement on the matter. [9511/13]

Written answers

Minister for Finance

I propose to take Questions Nos. 88 and 89 together.

I am advised by NAMA that, for the purposes of its financial reporting and compliance with IFRS, it reports on single portfolio of loans and does not distinguish between the performance levels of loans originally transferred from different participating institutions. This reflects the fact that debtors, who may have loans across a number of the participating institutions, are managed by NAMA on a single debtor basis.