Dáil Éireann Debate, Thursday - 26 March 2015
89. Deputy Michael McGrath asked the Minister for Finance for the remaining borrowers on the National Asset Management Agency’s book, the number who have personal guarantees attaching to their loans; and if he will make a statement on the matter. [12636/15]
View answerI am advised by NAMA that of the 178 remaining NAMA-managed debtor connections, which make up 89% of NAMA debt, 146 connections have personal guarantees in place. The remaining NAMA-managed connections comprise mainly Special Purpose Vehicles (SPVs).
As regards the debtor connections managed on NAMA's behalf by AIB and Capita, I am advised that there is widespread personal recourse and cross collateralisation across the entire portfolio.
