Oireachtas Joint and Select Committees
Wednesday, 22 October 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Operations and Functions: National Asset Management Agency
5:20 pm
Peter Mathews (Dublin South, Independent) | Oireachtas source
They should not have been because they are not carrying out proper commercial policy themselves in writing down their own loan masses to collectable receivable amounts.
NAMA has disposed of approximately €17 billion worth, at cost, of assets out of the €32 billion, leaving approximately €14.5 billion or €15 billion at cost. Is the income off those remaining financial assets proportionately as large as those it disposed of? I suspect that those it has disposed of had a proportionately larger income. They were the low-hanging fruit.
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