Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Patrick Neary:

Well, I suppose, we'll have to wait and judge the outcome of that, Senator. I mean, to what extent the assets that were acquired and funded by the banks and were in the banks' portfolio ... how things transpired in the end, I mean, I don't know to what extent the values of .. of prime assets in London - property assets - did they behave the same way as assets here? Have they regained their value now? I mean, I seem to recall that some report from NAMA saying that the assets that they had acquired in London had taken very little diminution in value.

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