Dáil Éireann Debate, Thursday - 18 December 2014
114. 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; the number waiting to be completed; if the agency is satisfied with the implementation of these plans; and if he will make a statement on the matter. [49282/14]
View answerI am advised by NAMA that it had assessed all 775 debtor business plans and had determined initial strategies for all debtor connections by end-June 2012. This has created the debtor management platform for NAMA and enabled it to achieve its core commercial objectives, including, critically, the repayment of €16.6 billion or 55% of its total senior liabilities more than two years ahead of schedule. These agreed workouts are subject to at least biannual review by NAMA.
