Oireachtas Joint and Select Committees

Thursday, 13 October 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

9:00 am

Mr. Brian Rowntree:

If I was conducting a due diligence exercise on behalf of an intended buyer, and I had the capacity to acquire that document, I would be smiling. It would give me a clear indication as to the potential of the landbank, not just for my loans but for other loans. A lot of these loans were what were known as "cocktail" loans which meant they had supporting loans from other banks.

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