Oireachtas Joint and Select Committees
Thursday, 26 September 2013
Public Accounts Committee
Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency
11:30 am
Derek Nolan (Galway West, Labour) | Oireachtas source
On the base case, it was intended to realise an initial profit of €1 billion. It is now more likely that NAMA will break even. Given the decline of 25% in the market value of NAMA's Irish portfolio, the agency must make up lost revenue if it is to reach a break-even position. How is the gap being bridged? Surely it will be greater than €1 billion.
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