Brian Hayes (Dublin South West, Fine Gael)

We can look at whether additional reportage would make much difference. The discounted value reflects the fact that a significant portion of the loans NAMA acquired were not performing on acquisition and are not expected to perform in accordance with their contractual terms. This must be reflected in NAMA's accounting procedures. If the Comptroller and Auditor General had a difficulty with this or believed an unusual accountancy procedure was involved, this would have been reflected in the ongoing reports his office produces. We will keep the matter under review.

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