Dáil Éireann Debate, Tuesday - 4 March 2014
54. Deputy Michael McGrath asked the Minister for Finance the number of agreed business plans the National Asset Management Agency currently has in place with developers; and if he will make a statement on the matter. [10755/14]
View answerI am advised by NAMA that it has completed the assessment of all 775 debtor business plans. I am advised that NAMA has three core strategies in place for debtors. A strategy of debtor support is in place for debtors who have 43% of NAMA debt, a restructuring strategy is in place for debtors with 26% of NAMA debt and an enforcement strategy is in place for debtors with 31% of the NAMA debt. Pages 23 to 27 of the NAMA Annual Report 2012 provides further information on the various approaches which have been adopted by NAMA in its management of debtors.
