Oireachtas Joint and Select Committees

Thursday, 26 September 2013

Public Accounts Committee

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

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1:10 pm

Mr. Brendan McDonagh:

It will come into NAMA. Our existing NAMA loans are in one SPV and we will have a new SPV when we are directed by the Minister to form a new SPV, which is National Asset Resolution Ltd. and all those loans will go into that or a subsidiary of that.

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