Oireachtas Joint and Select Committees

Wednesday, 24 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Functions of NAMA: Discussion

4:50 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

We will proceed to the second round of questions. Let me contextualise earlier questions, including that of Deputy Doherty, bearing in mind that the ultimate strategy of NAMA is to secure debt repayment and restructuring, as said by Mr. Brendan McDonagh in his opening statement. In applying this strategy, what would NAMA consider to be a success if a developer had a debt of €50 million on a shopping centre under control of the agency? Would the €50 million be recouped or repaid?

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