NAMA Property Rental

Wednesday, 22 May 2013

Questions (77)

Pearse Doherty

Question:

77. Deputy Pearse Doherty asked the Minister for Finance if he will provide an analysis of the €100-120 million per month recurring non-disposal income being reported by the National Asset Management Agency, showing commercial rental income, residential rental income and an outline of the other receipts and in respect of the commercial rental income to indicate the proportion arising from property in the State and from other jurisdictions. [24694/13]

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Written answers

Minister for Finance

I have been informed by NAMA that the average of €100 million per month recurring non-disposal income is based on its average monthly cash receipts from NAMA Debtors in respect of its acquired portfolio of loans and derivatives. The income is principally generated from rental income. NAMA does not currently report on the components of such income.