NAMA informs me that there is no register of persons who have received payments from the Agency. In the normal course of its operations, NAMA advances funds to debtors for working capital purposes or to enable projects to be completed. Over €800m has been advanced to debtors for these purposes since March 2010.
NAMA cannot disclose the names of individual debtors because companies and individuals whose loans have transferred to NAMA and who are meeting their obligations are entitled to have this information kept confidential. NAMA is prohibited under Section 202 of the Act from disclosing confidential information, relating to debtors. Furthermore, Section 99 of the Act provides that, on acquisition of a loan, NAMA takes over the obligations of the participating institution under the loan, one of which is the contractual duty of confidentiality which the debtor enjoyed while still a customer of the participating institution. Information about individual debtors or guarantors is also protected against disclosure by the Data Protection Acts with which NAMA must comply as a data controller.
NAMA also makes payments to service providers who provide services to it, including the participating institutions as servicers of NAMA loans, property valuers, law firms and loan valuers, among others. A list of service providers who have been appointed to NAMA panels is available on www.nama.ie. Each of these panels has been established following public procurement processes which are designed to obtain the most competitive fee pricing arrangements for the services concerned.