Dáil Éireann Debate, Thursday - 26 March 2015
90. Deputy Michael McGrath asked the Minister for Finance the number of National Asset Management Agency borrowers who have connection management agreements in place; and if he will make a statement on the matter. [12637/15]
Amharc ar fhreagraI am advised that NAMA is working on a consensual basis with 70% of its debtors by value. Consensual strategies include full restructure, partial restructure or connection management agreement (CMA), and support. Support is the most common consensual strategy requiring debtors to implement agreed milestones in relation to debt reduction without the need for either partial or full restructure. There are currently four CMAs in place across NAMA's loan book.
