National Asset Management Agency

Dáil Éireann Debate, Wednesday - 17 May 2023

Wednesday, 17 May 2023

Questions (36)

Catherine Murphy

Question:

36. Deputy Catherine Murphy asked the Minister for Finance if, in the context of Section 10 of the National Asset Management Agency Act 2009, he will provide a schedule of the funds released to its debtors and receivers in cases where it was demonstrated that such funding would enhance or protect the value of the assets securing NAMA’s loan portfolio, on an annual basis to date in 2023; and the names of debtors and receivers that were granted funding, by amount. [23432/23]

Written answers

Minister for Finance

I refer the Deputy to my response of 10th May 2023 to question 56 which states that, by virtue of Sections 99 and 202 of the NAMA Act, NAMA is legally precluded from disclosing confidential debtor information, including specific details relating to loans advanced to individual debtors or receivers.

I am advised by NAMA that, from inception to end-2022, and to end-April 2023, €5.3 billion has been advanced by the Agency to its debtors and receivers. This funding includes funding advanced by NAMA to enhance or protect the values of secured assets.

The table below sets out cumulative funding advanced by NAMA per annum to its debtors and receivers. Owing to NAMA’s statutory confidentiality obligations already referred, a more detailed debtor-by-debtor breakdown cannot be provided to the Deputy.

Year	Total Advances (€m)
2010	240
2011	304
2012	278
2013	328
2014	624
2015	855
2016	640
2017	572
2018	492
2019	405
2020	245
2021	136
2022	173
2023 to end-April	43
Total	5,334