Dáil Éireann Debate, Tuesday - 21 February 2012
171 Deputy Pearse Doherty asked the Minister for Finance if he will provide a geographical analysis of the National Asset Management Agency’s advances to developers, both approved advances and actual cash advances, to include Ireland, Northern Ireland and Britain; and if he will make a statement on the matter. [9536/12]
Amharc ar fhreagraThe details requested by the Deputy are set out hereunder. New Advance Approvals of €980 million are split between:
Ireland (41%),
Northern Ireland (1%),
Great Britain (50%),
Other locations (8%).
Actual drawdown payments of €740 million are split between:
Ireland (39%),
Northern Ireland (1%),
Great Britain (52%),
Other locations (8%).
The €385 million in advances drawn down in respect of assets in Britain must be seen in the context of a total portfolio acquisition value of close to €11 billion, as well as asset sales of about €3 billion of loan and property assets, in that country.
