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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