Dáil Éireann Debate, Tuesday - 13 February 2024
238. Deputy Mairéad Farrell asked the Minister for Finance if NAMA keeps a record of all properties and sites that it has disposed of, and if this information is publicly available; and if he will make a statement on the matter. [6516/24]
View answerAs the Deputy may be aware, NAMA does not typically own or control properties; rather NAMA owns loans for which properties act as security. The properties securing NAMA’s loans are owned and controlled by their registered owners, or appointed receivers in the case of enforcement, and these parties are responsible for the sale of secured properties. I am advised that NAMA retains a record of all secured properties that have been disposed of by its debtors and receivers since inception, noting the records retained by NAMA are at a point in time only and NAMA does not record subsequent transactions concerning secured properties. Owing to the confidentiality restrictions of NAMA’s legislation, NAMA’s records cannot be made available to the public. Specifically, by virtue of Sections 99 and 202 of the NAMA Act, NAMA is legally precluded from disclosing confidential debtor information or commercially sensitive information. Such information includes specific details relating to secured assets, their disposal, and the purchasing entity. I direct the Deputy to NAMA’s published Annual Reports which contain high-level information regarding asset disposals and are available on the NAMA website.
