Written answers
Tuesday, 28 May 2024
Department of Finance
State Bodies
Mattie McGrath (Tipperary, Independent)
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172. To ask the Minister for Finance to explain the arrangement that NAMA/Nalm had with a company (details supplied) in relation to a hotel; and if he will make a statement on the matter. [24109/24]
Mattie McGrath (Tipperary, Independent)
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173. To ask the Minister for Finance to provide an explanation on transactions (details supplied); and if he will make a statement on the matter. [24110/24]
Michael McGrath (Cork South Central, Fianna Fail)
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I propose to take Questions Nos. 172 and 173 together.
As the Deputy may be aware, NAMA does not typically own or control properties; rather NAMA owns loans for which the properties act as security. The properties securing NAMA’s loans are owned and controlled by their registered owners or appointed receivers in the case of enforcement.
I wish to advise the deputy that by virtue of Sections 99 and 202 of the NAMA Act 2009, NAMA is legally precluded from disclosing confidential debtor information, including specific details relating to debtors, secured assets or related transactions.
Having raised these questions with NAMA, I am informed by NAMA that it is satisfied it has at all times acted appropriately and in accordance with its statutory remit and obligations in respect of the asset in question.
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