Oireachtas Joint and Select Committees

Thursday, 11 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Joe HigginsJoe Higgins (Dublin West, Socialist Party) | Oireachtas source

The chief executive of NAMA, Brendan McDonagh, in evidence, said that they took over 772 debtors' loans, which totalled €74 billion, and within that, 12 of those had over €1 billion each, and that 12 had €22.2 billion between them. A further 133 borrowers took between €100 million and €999 million, each having a total of €16 billion. Why didn't that ring massive alarm bells in the regulator when that level of concentration was being shown?

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