Dáil Éireann Debate, Wednesday - 28 April 2010
59 Deputy Bernard Allen asked the Minister for Finance when he expects to publish the National Asset Management Agency business plan; and if he has discussed the key parameters with the board following the decisions taken on the first tranche of loans. [17119/10]
Amharc ar fhreagraThe draft business plan was produced by the interim NAMA last October before the Board was appointed. Since the appointment of the Board, it has committed to the production of an updated business plan, with its own views, which it will submit to me by the end of June. It will then be published by the Board of NAMA. The business plan is a matter for the Board. However, the CEO of NAMA has stated that the Board when reviewing the business plan will take account of the actual data now available to it arising from the transfer of the first tranche of loans and that the plan will deal with key issues such as the intended use of the €5 billion borrowing facility and the assumptions relating to the recovery of property markets.
