Tuesday, 13 May 2014

Questions (197)

Stephen Donnelly

Question:

197. Deputy Stephen S. Donnelly asked the Minister for Finance the current staffing total at the National Asset Management Agency; if, in view of the disposal by the special liquidators of the Irish Bank Resolution Corporation of 90% of the IBRC loan book and the decision by him to instruct the special liquidators to re-offer the unsold IBRC to the market, the current staffing is appropriate; and if he will make a statement on the matter. [21195/14]

View answer

Written answers (Question to Finance)

I am advised that 374 NTMA staff are currently, in accordance with Section 41 of the NAMA Act, assigned to NAMA.  I am advised that NAMA is appropriately staffed to deal with its current workload.  As the Deputy states, the Special Liquidators of IBRC have confirmed that they now expect that the proceeds from the sale of IBRC assets will be sufficient to fully discharge the outstanding secured debt owed to NAMA and that, therefore, it will not be necessary to transfer any IBRC assets to NAMA. Accordingly, I am advised that NAMA will not require any additional staff for purposes arising from the liquidation of IBRC.