Received 13 April 2017
Decided 12 May 2017
Part-Granted
Request Reference 2017-021
Requester Type Journalist
National Asset Management Agency Group

1) How many developers/debtors in total were paid profit-sharing bonuses by NAMA since NAMA’s inception, and can you provide a detailed breakdown of how many developers/debtors were paid bonuses in each year in the period 2009-2017 inclusive? (2) How much in euros has been paid to developers/debtors in profit-sharing/performance bonuses by NAMA in total in the period of 2009-2007, with a breakdown per year? (3) Can you provide in percentage terms the range of profit sharing/performance bonuses provided to NAMA developers/debtors in the years 2009-2017. I.E. the profit sharing/performance bonuses ranged from x% to y% of profits returned to NAMA on properties sold. (4) Did a standard percentage profit share/performance bonus apply to all developers/debtors who had agreed business plans with NAMA, or was each case bespoke? What criteria were applied in decided on the percentage profit sharing/performance bonus applied to each developer/debtor? (5) How much credit has been provided by NAMA in total euro terms to developers co- operating with NAMA on agreed business plans in years 2009-2017 inclusive? Can you provide a breakdown of this total figure on a per year basis in the years 2009-2017 inclusive? (5)(a) Can you provide in percentage terms the interest charged on credit provided to NAMA developers/debtors in the years 2009-2017. I.E. the interest rates ranged from x% to y%, with loan periods in years ranging from x years to y years. (6) How much in euro terms was extended by NAMA to developers/debtors for overheads in the day to day running of their businesses in the years 2009-2017, with a breakdown per year. What was the criteria applied in determining valid overheads. (7) Can you breakdown the overheads referenced in question six into categories deemed valid by NAMA. I.E. What does the term overheads cover: electricity, rent etc? (8) What is the overall figure for salaries paid to developers/debtors in NAMA for the period 2009-2017 inclusive? Can you provide a breakdown of the range of salaries applied and the number of developers/debtors in each category. I.E. NAMA is previously on record as saying three developers were paid in excess of €200,000 each. (9) What bonuses were paid to NAMA staff on top of their salaries in the period 2009-2017 inclusive? How many staff benefited? (10) How many staff were placed on gardening leave in the period 2009-2017 inclusive and how much in euro terms has been spent on gardening leave per year in that period. (11) NAMA is on record as having made a €1bn profit on the sale of Project Jewel - what percentage profit sharing/performance bonus was applied in this case? (12) How many aggregate sales has NAMA made, and how many of these were profitable? (13) How much has NAMA paid in retention payments to retain staff in the period 2009-2017 inclusive? How many staff have benefited from such payments,with a breakdown per year. (14) How much has NAMA paid in redundancy payments to staff in the years 2009-2017 inclusive, with a breakdown per year.