Mr. Brendan McDonagh:

As part of the National Asset Management Agency Act 2009, in the pre-acquisition phase each of the banks were obliged to provide NAMA with a list of eligible assets and loans that would be eligible to come into NAMA. All five institutions provided us with that information. This information included a list of loans between Mr. McKillen and a number of institutions. Effectively, this was a list of his loans across the institutions and the balances outstanding at a point in time. Mr. McKillen took a court action to object to his loans being acquired by NAMA which went all the way to the Supreme Court. In July 2011 the NAMA board made a fresh decision not to acquire Mr. McKillen's loans, as directed by the Supreme Court. The information was provided to us by the financial institutions as part of their obligations under the 2009 Act.