Thursday, 17 April 2014

Questions (72)

Michael McGrath

Question:

72. Deputy Michael McGrath asked the Minister for Finance if he will provide details of the number of court cases that the National Asset Management Agency has taken or plans to take to secure reversal of asset transfers by NAMA debtors which the agency believes were designed to put assets beyond the reach of the agency; if he will provide a breakdown of the type of assets which have been returned to the agency thus far, including cash, property and so on; and if he will make a statement on the matter. [18472/14]

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Written answers (Question to Finance)

I am advised by NAMA that it has obtained additional security over assets with an aggregate value in excess of €800m. NAMA advises that this breaks down circa two-thirds/one-third between property and non-property assets, mainly share portfolios and cash.

Further detail on this process is set out in NAMA's Annual Report and Financial Statements for 2012, which is available on the Agency's website, www.nama.ie.