Oireachtas Joint and Select Committees

Thursday, 30 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Fintan Drury:

Well, first of all, I think that the loans and the loan transaction between Anglo Irish Bank and NAMA have to be seen in the context of what NAMA's mandate was and what NAMA was set up to do. And the values that NAMA achieved in taking on those loans has to be seen in the context ... well, it's not for me to judge it, but it in time will have to be seen in the context of how those loans have ... those loan portfolios have performed post-sale by NAMA to third parties and post the sale of those loan portfolios by third parties. And that the ... that is the ... that was the basis on which, ultimately, the value of those loan portfolios will have to be judged in time.

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