Dáil Éireann Debate, Tuesday - 21 May 2013
209. Deputy Pearse Doherty asked the Minister for Finance further to the announcement by the National Asset Management Agency in May 2012 of €2bn of so-called vendor financing or staple financing, if he will confirm the total of such financing provided by NAMA to date; the number of transactions to which such financing has applied; and the total amount repaid to NAMA from such arrangements. [24114/13]
View answerI am advised by NAMA that the details sought by the Deputy relate to the NAMA’s commercial activities and that publication of this information is a matter for NAMA in the context of its commercial objectives and of how it can best meet those objectives. NAMA has published a document on its website which sets out its approach to Vendor Finance.
I am further advised that the first vendor finance transaction was completed in 2012 and a number of others are currently in the pipeline and nearing completion.
Additional information regarding NAMA’s vendor finance programme are included in NAMA’s 2012 Annual Report and Financial Accounts which will be published in the coming weeks.
