Oireachtas Joint and Select Committees

Wednesday, 4 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Can I come back to one matter Deputy Phelan was dealing with to get clarity for the committee from Dr. Bacon? Deputy Phelan referenced the first page of the NAMA report, which states:

As regards their property loan portfolios the six guaranteed credit institutions face cumulative economic impairment on their land and development loan exposures and associated property investment loans of around €XBn [Figure deleted. Market sensitive] on loans outstanding of about €80-90Bn.

An X has been inserted, as the figure was considered too market-sensitive to be put into the public domain at the time. It refers to loans outstanding of around €80 billion to €90 billion. Is that figure still market-sensitive?

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