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

Photo of Arthur SpringArthur 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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