Oireachtas Joint and Select Committees
Wednesday, 22 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
It's gone. Right. In relation ... it's absolutely staggering, the figure of €3.5 billion, for, I'm sure, for the general public there. In relation to the Vol. 1, page 35 figure, €2.5 billion ... we look at the property valuation process that NAMA used, and particularly the property uplift adjustments - this is the long-term economic value - that NAMA used and approved by the Commission, and you give us an interesting table there in relation to the five tranches that were transferred to NAMA. You estimated that Anglo Irish Bank's assets would recover more than any of the other banks' at 9.5%, with the lowest being EBS. Can I ask you in relation to the uplift that was expected, has NAMA any way of monitoring whether that uplift actually happened, whether it was below expectations or above expectations for the individual institutions?
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