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NAMA Expenditure

Dáil Éireann Debate, Thursday - 9 July 2015

Thursday, 9 July 2015

Questions (123)

Michael McGrath

Question:

123. Deputy Michael McGrath asked the Minister for Finance if he will provide, in tabular form, the top ten highest payments received by the named receivers appointed by the National Asset Management Agency since the agency was established; the companies that the receivers were appointed to; and if he will make a statement on the matter. [28166/15]

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Written answers

I have been provided by the National Asset Management Agency in the following table details of the top ten highest  cumulative fees agreed with receiver firms in respect of receivership appointments made since the agency was established:

Firm

Agreed Fees €

Number of Appointments

 Grant Thornton

10,119,962

35

 KPMG

8,126,885

37

 Duff & Phelps*

6,356,097

25

 Mazars

5,943,098

22

 PwC

5,653,726

14

 Deliotte**

4,919,743

24

 Baker Tilly UK

4,906,304

5

 Ernst & Young

4,078,059

14

 BDO

2,795,793

20

 Baker Tilly Ryan Glennon

2,657,338

14

Duff & Phelps* - formerly RSM Farrell Grant Sparks

Deloitte** - Includes Kavanagh Fennell

It is not possible to answer the Deputy's question in relation to the companies that the receivers were appointed to as there are many instances where only part of the connection is enforced and releasing such information could suggest that the entire connection is enforced whilst also having the effect of breaching sections 99 and 202 of the NAMA Act.

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