Thursday, 17 April 2014

Questions (68)

Michael McGrath


68. Deputy Michael McGrath asked the Minister for Finance if he has asked the National Asset Management Agency, as part of the current review of the agency, to consider selling off large portions of its loan book through a small number of big ticket portfolio deals; and if he will make a statement on the matter. [18468/14]

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Written answers (Question to Finance)

As the Deputy may be aware, in the context of my Department's review, I have asked NAMA to evaluate their disposal timing and strategy in the context of current market demand and explore the advantages and disadvantages of accelerating its disposal strategy. 

I understand that the NAMA Board is currently reviewing all strategic options and that the Board expects to complete this process in the near future at which point the Board will report its findings to me.