Oireachtas Joint and Select Committees
Thursday, 24 January 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Economy and Funding Requirements: Discussion with NTMA
4:05 pm
Mr. John Corrigan:
I do not know. It is a question of the holding period and a question of how banks are valued. In better times, banks were valued at a multiple of the book value, but now they are valued at a discount to book value. These things move around the place. In looking at the €64 billion, as I indicated, we will not see the €34 billion again. There may be a small residue there when the final account is settled.
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