Oireachtas Joint and Select Committees

Thursday, 26 September 2013

Public Accounts Committee

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

12:10 pm

Mr. Brendan McDonagh:

As I informed one of the Deputy's colleagues earlier, some of the impairment charge will unwind because of the technical feature of discounting disappearing over time.

However, we are seeing that compensated by taking more interest income in the period. That interest income will compensate so that at the end of the period, we will break even.

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