Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014

9:30 am

Mr. Frank Daly:

NAMA is not the ESRI. What we do in relation to a portfolio or an asset we are thinking of selling is carry out an assessment based on our view of the market for these assets. That is a much more productive exercise than taking broad economic forecasts which, as the Deputy knows as well as I do, are mostly way off the mark.

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