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:
The €85 million was an effort to get over the principle that the carrying value was only there for impairment and financial reporting purposes. We needed a different starting point in terms of carrying value for loan valuation purposes. The €85 million was the best option at the time.
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