Dáil Éireann Debate, Thursday - 28 February 2013
81. Deputy Peadar Tóibín asked the Minister for Finance if consideration has been given to transfer from the National Asset Management Agency to the State properties in which Departments or State agencies are leasees. [10779/13]
View answerAs the deputy is aware NAMA has acquired loans from the five participating institutions and is not the owner of properties. The Agency’s role is that of a secured lender. Properties securing NAMA’s loans continue to be owned and managed by their existing owners or, in the case of enforcement, on their behalf by the duly appointed receiver/administrator. The scenario referenced by the Deputy does not arise therefore. The Deputy is also aware that NAMA’s mandate to achieve the best possible return for the taxpayer from the management and sale of its acquired bank assets and that the NAMA Board has a mandate to independently frame its decisions in this context.
