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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10:40 am

Mr. Brendan McDonagh:

Yes. In July 2010 we estimated that we would buy the loans for €40 billion, so 25% would have been €10 billion. We end up paying less because the discount was more.

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