Dáil Éireann Debate, Tuesday - 25 March 2014
242. Deputy Pearse Doherty asked the Minister for Finance the estimated original value of the National Asset Management Agency's loan book for the North of Ireland; the price that NAMA paid for the loans; if he will provide a breakdown of the individual largest loans within that total price; and the estimated discounted value on the loans as they are currently being proffered for sale. [13554/14]
View answerThe par or nominal value of NAMA s Northern Ireland portfolio at the time of acquisition was €4 billion. It is not appropriate that NAMA discloses what it paid the participating institutions as consideration for the loans as there is a competitive bidding process underway.
NAMA is not in a position to provide details of individual loans as it is prohibited under Sections 99 and 202 of the NAMA Act from disclosing confidential information which is specifically defined to include information relating to its debtors.
As I have stated a sales process for loans held by Northern Ireland debtors is currently under way and is not expected to conclude for some weeks, it is not possible at this stage to speculate as to the price that prospective purchasers may offer for the loans.
