NAMA Loan Book

Dáil Éireann Debate, Tuesday - 16 July 2013

Tuesday, 16 July 2013

Questions (262)

Pearse Doherty

Question:

262. Deputy Pearse Doherty asked the Minister for Finance the number of asset management companies that have been commissioned by the National Asset Management Agency to date; their names; the total value of the assets being managed by these third party companies; the individual and total fees being paid to these third party companies; and his views on NAMA, an asset management company, choosing this policy of commissioning third parties to manage its assets. [34764/13]

Written answers

Minister for Finance

I am advised by NAMA that it has not commissioned any asset management companies. NAMA carries outs its own asset management and debtor management directly and otherwise its loans are serviced by the two participating institutions and, in the case of the former IBRC portfolio, by the Special Liquidators to IBRC.