Oireachtas Joint and Select Committees

Wednesday, 22 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Michael O'Flynn:

So there was interest roll-up on one hand. There was substantial interest being paid on the other loans on the other hand because of the rental income I had. Now, you must realise, for a year before NAMA became active, the banks were pretty inactive. So that was a period when a lot of loans went out of kilter and I can't, Chairman, give the exact details of every-----

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