Oireachtas Joint and Select Committees
Thursday, 1 October 2015
Public Accounts Committee
National Asset Management Agency: Financial Statements 2014 (Resumed)
10:00 am
Mr. Brendan McDonagh:
It is work-out. Effectively, what we have today is 100% of the risk and we are trying to de-risk it. If the debtor can add incremental value by the small profit that I stated they are making on these houses, €7,000 or €8,000 per house in some instances, they are putting that towards their debt repayment.
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