Dáil Éireann Debate, Wednesday - 1 June 2016
100. Deputy Thomas P. Broughan asked the Minister for Finance the value of the assets the National Asset Management Agency owns and that are located outside Ireland; and if he will make a statement on the matter. [13960/16]
View answerThe Deputy will be aware that NAMA does not own residential property. Rather NAMA has acquired loans and its role is that of a lender with claims over security for its loans, like a bank, rather than a property owner or lessor.
Information on the value and performance of NAMA loans is included in NAMA's Section 55 quarterly accounts, which are published on the NAMA website, www.nama.ie. Detailed analysis of the remaining portfolio is carried out as part of an impairment process on a half-yearly basis and the value of the remaining portfolio which lay outside Ireland, as at end-June 2015, was €4.74bn.
I wish to advise the Deputy that NAMA's 2015 Annual Report and Accounts will be laid before the Houses of the Oireachtas and published by NAMA on Wednesday, 8th June 2016. This will contain significant detail in relation to NAMA's activities and its remaining portfolio, including an analysis of the geographical breakdown, as at year end-2015.
