Oireachtas Joint and Select Committees
Tuesday, 3 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Financial Sector: Discussion with AIB
4:20 pm
Arthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source
Companies have been removed from the NAMA process because they have returned to a profitable position. These companies are trading and some of them are tendering for State contracts. We were told by NAMA that it was going to pursue them not only for the amount they owed to NAMA but also the entirety of the loan, that is, the amount owed to NAMA, plus the 58% average haircut to which Mr. Byrne alluded. How much money has the bank received by NAMA or these customers?
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