Results 181-200 of 373 for nama speaker:Paschal Donohoe

Written Answers — Department of Finance: NAMA Operations (25 Oct 2018)

Paschal Donohoe: NAMA has a well-established overriding commercial mandate to recoup the best return for the Irish taxpayer. However, that does not mean that NAMA does not carry out activities, such as facilitating the delivery of residential and social housing, which are entirely consistent with its existing purpose and objectives. NAMA is already making a significant contribution to the supply of...

Written Answers — Department of Finance: NAMA Social Housing Provision (25 Oct 2018)

Paschal Donohoe: I wish to advise the Deputy that it is expected that NAMA will substantially complete its work by 2020. The Agency announced in October 2017 that it had redeemed all of its €30.2bn in Senior Debt which was guaranteed by the State and since April 2018 it has commenced the redemption of its €1.6bn in subordinated debt. However, notwithstanding the successful achievement of...

Written Answers — Department of Finance: Budget 2019 (18 Oct 2018)

Paschal Donohoe: ...in the following table. 2018 2019 2020 2021 2022 2023 general government impacting capital resources capital resources 145 75 65 70 70 75 non-general government impacting capital resources 1,710 1,055 2,850 3,070 1,070 1,070 - Nama 0 0 1,500 2,000 0 0 - FEOGA 740 800 800 800 800 800 - Loan repayments 970 245 550...

Written Answers — Department of Finance: Oireachtas Banking Inquiry (9 Oct 2018)

Paschal Donohoe: ...the State and managing the national debt, are delegated to the Agency by the Minister for Finance under the NTMA Act 1990, as amended, so these remain primarily responsibilities of the Minister for which he/she is accountable. The operation and effectiveness of NAMA should continue to be reviewed, in particular when medium term property price movements can be taken into account. When NAMA...

Written Answers — Department of Finance: NAMA Operations (9 Oct 2018)

Paschal Donohoe: I am advised that the company to which the Deputy refers was engaged by a receiver to undertake the construction of a residential development over which NAMA holds security. I am advised that the construction of the current phase of development has been completed. I am advised that the development is controlled by a receiver and the construction work on the site is governed by a contract...

Written Answers — Department of Finance: Departmental Expenditure (2 Oct 2018)

Paschal Donohoe: ...Branding Promotional material for public awareness building of SME online tool €3,860.90 Public Appointment Service (PAS) Advertising costs Irish Times for Competition ref: appointments to Board of NAMA €1,706.70 Total €6,807.60An additional €402,579 was paid to Languages Communication Ltd in respect of the Switch Your Bank campaign. As this campaign is...

Written Answers — Department of Finance: Public Relations Contracts Expenditure (2 Oct 2018)

Paschal Donohoe: ...Your Bank campaign €12,915.00 July Languages Communication Ltd. Switch Your Bank campaign €7,380.00 August Public Appointment Service (PAS) Advertising costs Irish Times for Competition ref: appointments to Board of NAMA €1,706.70 The Switch Your Bank campaign is funded, in its entirety, by AIB and Permanent TSB, as part of a range of competition measures agreed with...

Written Answers — Department of Finance: NAMA Social Housing Provision (25 Sep 2018)

Paschal Donohoe: ...Services (NARPS) was established in 2012 as a special purpose vehicle in order to expedite the delivery, for social housing, of residential properties from the portfolio of assets controlled by NAMA debtors and receivers. NARPS purchases properties directly from NAMA debtors and receivers at market value and then onward leases these properties to local authorities and approved housing...

Written Answers — Department of Finance: Departmental Properties (20 Sep 2018)

Paschal Donohoe: ...Asset Management Agency National Treasury Management Agency Office of the Revenue Commissioners Social Finance Foundation Strategic Banking Corporation of Ireland Tax Appeals Commission While NAMA does not own land in County Meath, a subsidiary, the National Asset Residential Property Services DAC, owns twenty-nine housing units in Bettystown in County Meath which have been leased to an...

Written Answers — Department of Finance: NAMA Property Sales (20 Sep 2018)

Paschal Donohoe: I wish to advise the Deputy that as Minister, I have no role to play in NAMA’s operations or in its commercial decisions. NAMA is prohibited, under Section 99 and Section 202 of the NAMA Act 2009, from disclosing confidential information relating to its debtors and for that reason, I do not propose to make any comment in relation to the particular issue raised by the Deputy. In...

Written Answers — Department of Finance: NAMA Portfolio (7 Sep 2018)

Paschal Donohoe: At the outset, it is important to note that NAMA does not build residential property. Instead, where commercially viable, it funds residential delivery on sites controlled by its debtors and receivers. NAMA is making a significant contribution to the supply of housing within the State and has committed to facilitating the delivery of 20,000 residential units by the end of 2020, when...

Written Answers — Department of Finance: NAMA Operations (7 Sep 2018)

Paschal Donohoe: I wish to advise the Deputy that it is expected that NAMA will substantially complete its work by 2020. The Agency announced in October 2017 that it had redeemed all of its €30.2bn in Senior Debt which was guaranteed by the State and since April 2018 it has commenced the redemption of its €1.6bn in subordinated debt. However, notwithstanding the successful achievement of...

Written Answers — Department of Finance: Tax Code (7 Sep 2018)

Paschal Donohoe: Section 396C of the Taxes Consolidation Act 1997 previously restricted the amount of losses, as incurred by a NAMA participating institution from its trading operations in prior years, which could be set off against trading profits in the current year. The relief was limited to a maximum of 50% of the trading profits for each accounting period. This restriction was removed in Finance Bill...

Written Answers — Department of Finance: NAMA Ownership Data (12 Jul 2018)

Paschal Donohoe: .... These conditions included that the SPVs were to be established for the sole purpose of addressing the financial crisis and were to be temporary entities. In order to comply with these conditions, NAMA established an investment holding company, now known as National Asset Management Agency Investment D.A.C., which is majority owned by private investors. A total of 51% of its shares are...

Written Answers — Department of Finance: Public Relations Contracts Data (12 Jul 2018)

Paschal Donohoe: I wish to advise the Deputy that the communications teams of both NAMA and the NTMA are supported by an external service provider, Gordon MRM. I am advised that an initial contract covering both bodies commenced in January 2013 and ran for an initial period of three years. An option to extend the contract for a further two years was utilised which meant that the contract expired in January...

Written Answers — Department of Finance: NAMA Expenditure (12 Jul 2018)

Paschal Donohoe: I wish to advise the Deputy that Section 8 of the Freedom of Information Act, 2014 requires bodies such as NAMA to publish information in an open and accessible manner on a routine basis outside of the Freedom of Information process, having regard to the principles of openness, transparency and accountability as set out in Sections 8(5) and 11(3) of the FOI Act. In accordance with this...

Written Answers — Department of Finance: Corporation Tax Regime (11 Jul 2018)

Paschal Donohoe: ...feature of the Irish Corporate Tax system and is a standard feature of Corporation Tax systems in all OECD countries. Prior to 2014, section 396C of the TCA 1997 restricted loss relief for NAMA participating institutions, such that only 50% of taxable profits in a given year could be sheltered by losses carried forward. However by Finance Bill 2013 this measure was considered to...

Written Answers — Department of Finance: NAMA Operations (11 Jul 2018)

Paschal Donohoe: It is important to recognise from the outset that NAMA does not own property, rather, NAMA owns loans secured by property which is owned by its debtors. NAMA, as a lender, cannot force a borrower to take action which would reduce his or her repayment capacity, such as providing a property for social or private housing where that is not the financially optimal course of action for the debtor....

Written Answers — Department of Finance: General Data Protection Regulation (11 Jul 2018)

Paschal Donohoe: ...to access their own data that IFAC holds, IFAC have: - classified all data according to sensitivity; - appointed a Data Protection Officer, and provided training for that officer; - updated their website’s privacy policy. National Asset Management Agency NAMA has appointed a dedicated Data Protection Officer who is the specific point of contact for data subjects on access to...

Written Answers — Department of Finance: NAMA Staff Data (10 Jul 2018)

Paschal Donohoe: ...the entity is established in the most efficient manner possible it is envisaged that the NTMA shall first draw upon any relevant resources, services and experience that are already available within NAMA when appointing staff to HBFI. NAMA has amassed considerable expertise in this area through the implementation of its existing residential funding programme and this will be a key asset for...