Dáil Éireann Debate, Tuesday - 16 January 2018
181. Deputy Noel Grealish asked the Minister for Finance the details of the National Asset Management Agency's, NAMA, remaining portfolio, by county and by type in each of the years since 2009, in tabular form; and if he will make a statement on the matter. [54338/17]
View answerI refer the Deputy to the following tables, which show a breakdown of the property collateral securing NAMA’s portfolio, by county and sector, for each of the years from 2012 to 2017. The Deputy will be aware that the acquisition of loans by NAMA was undertaken in 2010 and 2011 and, because it took some time to collate data on the underlying property collateral, the breakdown requested by the Deputy is not available for those years, other than a geographical split by country which is in the Annual Reports for 2010 and 2011. The carrying value of NAMA’s loan portfolio at each year-end can be found in its Annual Reports, which are publicly available on the NAMA website – www.nama.ie.
I am advised by NAMA that the year-on-year reduction in the value of its remaining portfolio is a result of NAMA’s approach to the disposal of assets under its control. In each of its main markets, NAMA has released assets for sale in a phased and orderly manner that is consistent with the level of demand, the availability of credit and the absorption capacity of each market. This approach enabled NAMA to redeem all of its senior debt by October 2017 and thereby eliminate the contingent liability of the Irish State.
Breakdown of NAMA secured assets by county and by sector
|
2012 |
|||
|
Location |
Sector |
||
|
Dublin |
67% |
Retail |
26% |
|
Cork |
11% |
Office |
20% |
|
Kildare |
5% |
Residential |
18% |
|
Galway |
4% |
Land |
14% |
|
Meath |
2% |
Development |
11% |
|
Wicklow |
2% |
Hotel & Leisure |
8% |
|
Limerick |
2% |
Industrial |
2% |
|
Louth |
1% |
Other |
1% |
|
Sligo |
0.7% |
||
|
Waterford |
0.7% |
||
|
Westmeath |
0.6% |
||
|
Carlow |
0.5% |
||
|
Wexford |
0.5% |
||
|
Clare |
0.5% |
||
|
Dublin |
0.4% |
||
|
Laois |
0.4% |
||
|
Tipperary |
0.4% |
||
|
Donegal |
0.3% |
||
|
Mayo |
0.3% |
||
|
Kerry |
0.3% |
||
|
Kilkenny |
0.2% |
||
|
Offaly |
0.2% |
||
|
Roscommon |
0.2% |
||
|
Cavan |
0.2% |
||
|
Leitrim |
0.1% |
||
|
Longford |
0.1% |
|
2013 |
|||
|
Location |
Sector |
||
|
Dublin |
69% |
Retail |
24% |
|
Cork |
10% |
Office |
22% |
|
Galway |
4% |
Residential |
18% |
|
Kildare |
4% |
Land |
14% |
|
Meath |
2% |
Development |
11% |
|
Limerick |
2% |
Hotel & Leisure |
7% |
|
Wicklow |
2% |
Other |
3% |
|
Louth |
1% |
Industrial |
2% |
|
Westmeath |
0.7% |
||
|
Clare |
0.5% |
||
|
Carlow |
0.4% |
||
|
Sligo |
0.4% |
||
|
Wexford |
0.4% |
||
|
Laois |
0.4% |
||
|
Tipperary |
0.4% |
||
|
Waterford |
0.4% |
||
|
Roscommon |
0.3% |
||
|
Kerry |
0.3% |
||
|
Donegal |
0.3% |
||
|
Kilkenny |
0.2% |
||
|
Mayo |
0.2% |
||
|
Offaly |
0.2% |
||
|
Cavan |
0.2% |
||
|
Leitrim |
0.1% |
||
|
Longford |
0.04% |
||
|
Monaghan |
0.01% |
|
2014 |
|||
|
Location |
Sector |
||
|
Dublin |
68% |
Retail |
27% |
|
Cork |
9% |
Residential |
22% |
|
Galway |
5% |
Office |
18% |
|
Kildare |
4% |
Land |
15% |
|
Meath |
2% |
Development |
9% |
|
Limerick |
2% |
Hotel & Leisure |
6% |
|
Wicklow |
2% |
Industrial |
3% |
|
Kerry |
1% |
Other |
1% |
|
Louth |
1% |
||
|
Waterford |
1% |
||
|
Clare |
1% |
||
|
Sligo |
1% |
||
|
Wexford |
1% |
||
|
Laois |
1% |
||
|
Westmeath |
0.5% |
||
|
Tipperary |
0.4% |
||
|
Donegal |
0.4% |
||
|
Carlow |
0.4% |
||
|
Kilkenny |
0.4% |
||
|
Mayo |
0.3% |
||
|
Roscommon |
0.2% |
||
|
Cavan |
0.2% |
||
|
Offaly |
0.1% |
||
|
Leitrim |
0.1% |
||
|
Monaghan |
0.1% |
||
|
Longford |
0.05% |
|
2015 |
|||
|
Location |
Sector |
||
|
Dublin |
70% |
Land |
22% |
|
Cork |
9% |
Residential |
20% |
|
Kildare |
5% |
Office |
19% |
|
Galway |
4% |
Retail |
17% |
|
Meath |
3% |
Development |
12% |
|
Wicklow |
2% |
Hotel & Leisure |
6% |
|
Limerick |
2% |
Industrial |
3% |
|
Sligo |
1% |
Other |
1% |
|
Laois |
0.5% |
||
|
Louth |
0.4% |
||
|
Donegal |
0.4% |
||
|
Wexford |
0.4% |
||
|
Westmeath |
0.4% |
||
|
Cavan |
0.3% |
||
|
Kerry |
0.3% |
||
|
Roscommon |
0.3% |
||
|
Waterford |
0.2% |
||
|
Clare |
0.2% |
||
|
Tipperary |
0.2% |
||
|
Mayo |
0.2% |
||
|
Carlow |
0.1% |
||
|
Kilkenny |
0.1% |
||
|
Leitrim |
0.1% |
||
|
Offaly |
0.1% |
||
|
Monaghan |
0.05% |
||
|
Longford |
0.04% |
|
2016 |
|||
|
Location |
Sector |
||
|
Dublin |
78% |
Land |
31% |
|
Cork |
8% |
Development |
22% |
|
Kildare |
5% |
Residential |
19% |
|
Wicklow |
4% |
Retail |
13% |
|
Louth |
1% |
Office |
9% |
|
Westmeath |
1% |
Hotel & Leisure |
4% |
|
Sligo |
1% |
Industrial |
1% |
|
Meath |
1% |
Other |
1% |
|
Galway |
1% |
||
|
Limerick |
0.3% |
||
|
Wexford |
0.2% |
||
|
Waterford |
0.2% |
||
|
Leitrim |
0.1% |
||
|
Kilkenny |
0.1% |
||
|
Laois |
0.1% |
||
|
Offaly |
0.05% |
||
|
Longford |
0.05% |
||
|
Donegal |
0.04% |
||
|
Mayo |
0.03% |
||
|
Roscommon |
0.03% |
||
|
Clare |
0.02% |
||
|
Kerry |
0.02% |
||
|
Tipperary |
0.01% |
|
HY - 2017 |
|||
|
Location |
Sector |
||
|
Dublin |
78% |
Land |
31% |
|
Cork |
8% |
Development |
24% |
|
Kildare |
5% |
Residential |
19% |
|
Wicklow |
4% |
Retail |
13% |
|
Meath |
1% |
Office |
8% |
|
Galway |
1% |
Hotel & Leisure |
4% |
|
Sligo |
1% |
Industrial |
1% |
|
Louth |
0.4% |
||
|
Waterford |
0.3% |
||
|
Limerick |
0.3% |
||
|
Wexford |
0.2% |
||
|
Westmeath |
0.2% |
||
|
Mayo |
0.1% |
||
|
Kilkenny |
0.1% |
||
|
Laois |
0.1% |
||
|
Clare |
0.1% |
||
|
Leitrim |
0.1% |
||
|
Roscommon |
0.04% |
||
|
Longford |
0.03% |
||
|
Cavan |
0.02% |
||
|
Donegal |
0.01% |
||
|
Kerry |
0.01% |
||
|
Offaly |
0.01% |
||
|
Tipperary |
0.01% |
