Oireachtas Joint and Select Committees
Thursday, 9 July 2015
Public Accounts Committee
National Asset Management Agency: Financial Statements 2014
9:30 am
Mr. Declan Reid:
From the discussions, my understanding of the intent of that was to allow the recovery on the loans to be reliant upon the security attaching to them as opposed to the personal guarantees to help promote activity and the resumption of activity in the Northern Ireland construction development sector over the medium term under the stewardship of any potential buyer.
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