Dáil Éireann Debate, Thursday - 16 December 2010
192 Deputy Joan Burton asked the Minister for Finance if, in view of proposed changes to the scale and scope of operations to be undertaken by the National Asset Management Agency, it is envisaged that a new business plan will be prepared for NAMA; the proposed timeline for the introduction of such a revised business plan; and if he will make a statement on the matter. [48074/10]
Amharc ar fhreagraThe NAMA Business Plan is a matter for the Board of NAMA. In July 2010, the Board published a business plan which projects that the Agency will return a profit to the taxpayer of €1.0 billion in Net Present Value (NPV) terms under its central scenario whereby NAMA recovers the LEV (Long Term Economic Value) of the assets. I understand that the Chairman of NAMA has recently indicated that there is no compelling basis for revising that estimate at present but that the Board is likely to review some Business Plan projections in the light of the final figures for acquired loans and associated acquisition values once all the due diligence has been completed.
