Pearse Doherty
Ceist:138. Deputy Pearse Doherty asked the Minister for Finance the number of debtors left in NAMA; the par value of the debt; and if he will make a statement on the matter. [2859/19]
Amharc ar fhreagraTuesday, 22 January 2019
Ceisteanna (138)
Freagraí scríofa
I am advised by NAMA that, as at November 2018, there were 223 debtors remaining under management. Of these connections, 139 were in support or forbearance strategies and 84 were subject to enforcement. At the same date, these debtors had a combined par debt balance of €23.9bn. The value of the assets securing this debt is very low and NAMA is working to maximise the amount of debt that can be recovered for taxpayers. Such work includes negotiating effective workout strategies with debtors and receivers and providing funding for investment in assets where it will enhance value. I am advised that, in the end-year review that it recently issued, NAMA indicated that its portfolio had an estimated carrying value of €2.3 billion at the end of 2018.