Dáil Éireann Debate, Tuesday - 24 March 2015
262. Deputy Michael McGrath asked the Minister for Finance further to Parliamentary Question No. 76 of 26 February 2015, the number of National Asset Management Agency debtors, in respect of whom debt write-downs have been made, who make up the €0.3 billion write-down; the largest of these write-downs; and if he will make a statement on the matter. [11439/15]
View answerMy response to Parliamentary Question No. 76 of 26 February 2015 stated that of the 109 debtor connections that have reached a final agreement with NAMA, 62 relate to debtor connections whose loans were sold and 47 relate to debtor connections where NAMA has concluded a final settlement agreement directly with the debtor connections resulting in no remaining par debt being owed to NAMA. The response further stated that, as at 30 September 2014, the total amount of debt compromised or written off by NAMA as part of such final settlement agreements is €0.3 billion.
I am advised that par debt was ultimately compromised or written off as part of 23 of the 47 debtor connections where NAMA has concluded a final settlement agreeement. The total amount of €0.3bn debt compromised or written off by NAMA relates to these 23 debtor connections.
The disclosure of the individual debtors involved and the details of any such debt compromise is considered commercially sensitive information in the context of NAMA's ongoing engagement with its remaining debtor connections.
