Dáil Éireann Debate, Wednesday - 20 September 2017
198. Deputy Michael McGrath asked the Minister for Finance the position regarding the par value of the remaining loans held by NAMA; the number of employees NAMA has; and if he will make a statement on the matter. [39907/17]
View answerI would firstly refer the Deputy to my response to Parliamentary Question 94 of 29 June 2017, where I highlighted page 46, in particular, of the 2016 NAMA Annual Report, which outlines that the outstanding principal balance of NAMA’s loans and receivables portfolio at end-2016 was €28.4 billion. The corresponding carrying value of loans (net of impairment) held by NAMA at end-2016 was €3.9 billion.
As part of NAMA’s impairment process, which takes place on a twice yearly basis, updated information on NAMA’s remaining loans will be provided in NAMA’s Section 55 Quarterly Report and Accounts (Quarter 2) 2017, which I expect to be published next month.
In relation to staffing numbers, NAMA advise me that the number of NTMA staff currently assigned to NAMA is 254, including two staff members who are currently on garden leave as part of the agreed retention and redundancy scheme.
