Dáil Éireann Debate, Tuesday - 28 May 2013
157. Deputy Pearse Doherty asked the Minister for Finance if he will set out by region-country the percentage amount and individual monetary amounts of finance forwarded by National Asset Management Agency to developers to complete projects in 2012 and to date in 2013. [25296/13]
Amharc ar fhreagraI am advised by NAMA that the information referenced by the Deputy is available in the following format only – from inception to end-April 2013, NAMA advises that it had approved €1.8 billion in new loan advances to debtors, €1.1 billion of which had been completed or drawn down. By region/country, the percentage amount was:- Ireland: 46%;- Northern Ireland: 1%;- Britain: 47%;- Other: 6%. I am further advised by NAMA that decisions to advance new funding to debtors are made by reference to strict commercial criteria with its stated objective to preserve or enhance value.
