Oireachtas Joint and Select Committees

Thursday, 26 September 2013

Public Accounts Committee

Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency

10:50 am

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

I understand the next 25%, but it is more that I am thinking beyond that to the 30% over the two year period. If we have achieved 50% of our bond repayments on NAMA through the bulk being overseas sales, and that at an increase above the value at which we purchased them, which is good, but then relying almost wholly on the Irish market over a two year period to realise 30% on NAMA bonds, and I understand the point on rental income, do we really think that the income being generated from those assets will be sufficient over a two year period, combined with the recovery in those asset prices in that period? We are talking about a significant jump, despite what investments might be made.

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