I am advised by NAMA that approaches by third parties in relation to possible loan sales are dealt with expeditiously by reference to the complexity of the offer received and the debtor connection and loan portfolio in question. In assessing any loan purchase offer, NAMA’s key criterion is whether the proposed transaction makes financial sense for the taxpayer. If so, and if NAMA believes that those making the offer have the financial capacity to deliver on it, NAMA then appoints loan sales brokers to market the loans and to deal with offers from the original bidder and other interested parties. The timing of a sales transaction will be geared towards ensuring that the Agency maximises the value of the loans and therefore the return to the taxpayer. I am advised that NAMA has, to date, sold loans with par balances of €2.5 billion and that parties interested in making serious and realistic bids for loan portfolios are welcome to submit offers to it. If the Deputy is aware of any serious and realistic loan purchase bid made by a credible investor which has been submitted to NAMA but not evaluated by the Agency, I would suggest that he brings it to the attention of the Head of Asset Recovery, NAMA.