Dáil Éireann Debate, Tuesday - 5 November 2013
189. Deputy Seán Crowe asked the Minister for Finance if a list of all properties handled and sold by the National Asset Management Agency is available; the total original value of the properties; the value for which they were sold; and if NAMA has made available to his Department the names of persons or companies that have bought properties from NAMA. [46350/13]
Amharc ar fhreagraI would remind the Deputy that, as Minister for Finance, I have no role in relation to strategies applied by the NAMA Board in fulfilling its commercial mandate and I do not intervene in the detail of NAMA’s business and I would consider it inappropriate to do so. More generally, the publication of information relating to individual NAMA sales, as suggested by the Deputy, would be in contravention of NAMA’s statutory duty of confidentiality; would place it and by extension Irish taxpayers at a commercial disadvantage relative to other deleveraging entities that would not be subject to similar requirements; and would ultimately reduce the expediency of NAMA’s sales and the value realised from these sales. The proposed measure would, therefore, have the effect of obstructing NAMA from achieving its statutory commercial mandate on behalf of Irish taxpayers.
