Dáil Éireann Debate, Wednesday - 25 June 2025
46. Deputy Mairéad Farrell asked the Minister for Finance to provide the par value of loans acquired by NAMA from each associated bank; the value of securities/funds provided to each bank in return; and the number of loans received by NAMA from each bank, in tabular form; and if he will make a statement on the matter. [34596/25]
View answerI wish to advise the Deputy that NAMA acquired impaired loans with a par debt of €74 billion. In return, the banks received consideration of €32 billion, 95% of which was government-guaranteed senior debt issued to the financial institutions and therefore a contingent liability for Irish taxpayers.
The table below sets out the requested information. Since its establishment in December 2009, the Agency has successfully achieved its commercial mandate set for it by the Oireachtas.
As the Deputy may be aware, in Q1 2025 the NAMA Board increased its overall surplus projection to €5.5 billion from €5.2 billion, an increase of €300 million. This includes a projection of €450m in tax paid by NAMA to the Exchequer. By end 2024, €4.69 billion from NAMA’s surplus had been transferred to the State, inclusive of tax payments made, NAMA expects to transfer a further €800 million surplus (including National Asset Residential Property Services (NARPS)) by the time it completes its work at end-2025.
Once NAMA had repaid all debt (€31.8bn) and equity (€56m) obligations, it was able to commence the transfer of its surplus funds to the Exchequer in 2020.
|
- |
AIB |
Anglo |
BOI |
EBS |
INBS |
Total |
|
Loan balances transferred to NAMA |
€20.4bn |
€34.1bn |
€9.9bn |
€0.9bn |
€8.7bn |
€74bn |
|
Consideration paid by NAMA |
€9.0bn |
€13.4bn |
€5.6bn |
€0.4bn |
€3.4bn |
€31.8bn |
|
Number of loans |
4,700 |
5,800 |
1,800 |
500 |
700 |
13,500 |
*All figures are rounded in the table above.
