Dáil Éireann Debate, Thursday - 21 July 2016
115. Deputy Michael McGrath asked the Minister for Finance the current book value and estimated market value of the loan assets currently held by NAMA; a breakdown by geographic area, for example, Ireland, the UK and so on; if a decision has been made to accelerate the disposal of the NAMA assets; and if he will make a statement on the matter. [23876/16]
View answer123. Deputy Michael McGrath asked the Minister for Finance the current status of the planned wind-up of NAMA; the details of the portfolio that is remaining; the estimated timeframe; the financial outturn from the wind-up of NAMA; and if he will make a statement on the matter. [23886/16]
View answerI propose to take Questions Nos. 115 and 123 together.
Details on NAMA's remaining portfolio are available in the Agency's Annual Report and Financial Statements for 2015. This is published on the NAMA website, www.nama.ie. Regarding the current book value, estimated market value, and geographic breakdown of the remaining portfolio, I would refer the Deputy, in particular, to page 35 of the 2015 Annual Report and Financial Statements (https://www.nama.ie/fileadmin/user_upload/5078_NAMA_AR2015_English_screen-FINAL.pdf) and page 67 of the associated presentation: https://www.nama.ie/fileadmin/user_upload/2015_Annual_Report_presentation_-_FINAL_08.06.16_for_website.pdf.
NAMA expects that it will have redeemed all of its senior debt by 2018 and that its focus over the period from 2018 will be on completing its Docklands and residential funding programmes. NAMA expects to repay its subordinated debt in March 2020. While the Docklands SDZ and Residential Funding Programmes will continue beyond the likely redemption of NAMA's Senior Notes currently expected by 2018, they are not expected to extend NAMA's life beyond 2020.
NAMA's most recent projections indicate that, after repayment of senior and subordinated debt, its terminal surplus will range between €1.6 billion and €2.3 billion.
