Joe McHugh
Ceist:148 Deputy Joe McHugh asked the Minister for Finance if he will provide a list of all NAMA designated properties and their valuations in tabular form and on a county basis. [42581/09]
Amharc ar fhreagraTuesday, 24 November 2009
Ceisteanna (116)
Freagraí scríofa
It will only be possible to determine the eligible assets for transfer to NAMA following the enactment of the NAMA legislation. This will allow for the designation of participating institutions and the designation of eligible assets among other issues. Then the valuation methodology, which is subject to EU approval, will be applied by NAMA on an asset by asset basis to determine the valuation for each asset.
It will not be possible to provide a list of all the individual properties held by NAMA and their valuations. NAMA has a commercial mandate and it would be inappropriate to reveal such details that may put NAMA at a disadvantage in the market place.
The NAMA legislation sets out that NAMA will make quarterly reports. These reports, amongst other things will include the number of all loans outstanding categorised as between performing and non performing loans. These quarterly reports should also provide the Deputy with the aggregate information on the value of the loans outstanding to NAMA and further detailed information as set out in Section 55 of the Act.