Oireachtas Joint and Select Committees

Wednesday, 24 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Functions of NAMA: Discussion

4:10 pm

Mr. Brendan McDonagh:

The figure of €24 billion is the net impairment value as at the end of June. There is a figure of almost €2.9 billion in terms of impairment. That gives a coverage figure of about 10% on the books. We also disposed of about €2 billion worth of loans, which brings the figure of €74 billion down to €72 billion. I will describe it as an experience between the Deputy and me at the Committee of Public Accounts.

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