Oireachtas Joint and Select Committees
Tuesday, 25 October 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
10:00 am
Mr. Donal Rooney:
If I can answer the question I can go on to specifics. As part of the 2012 accounts NAMA provided a fair value estimate of its entire loan book. That was stated in the letter, €21.8 billion. The Project Eagle loan portfolio would have been included within that. That was calculated for the purpose of the 2012 accounts, using a discount rate of 10%.
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