Dáil Éireann Debate, Wednesday - 10 May 2023
56. Deputy Catherine Murphy asked the Minister for Finance the amount the National Assets Management Agency made available to an entity (details supplied) historically; if it continues to provide funds to it; and if so, the basis on which it does so. [21995/23]
View answerI wish to advise the Deputy that by virtue of Sections 99 and 202 of the NAMA Act, NAMA is legally precluded from disclosing confidential debtor information, including specific details relating to loans advanced to debtors or the confidential terms of facility agreements. Generally speaking however, I am advised that NAMA may provide funding to its debtors and receivers in cases where it can be shown that such funding will enhance or protect the value of the assets securing NAMA’s loan portfolio so as to optimise their income-producing potential and disposal value. This is in accordance with Section 10 of the NAMA Act which states that NAMA is required to protect or enhance the value of its acquired assets and to obtain the best achievable financial return for the State.
