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. John Collison:

As part of our impairment exercise and throughout our general management of these assets, we would have regularly insisted on updated valuations being obtained. That could be because assets were being brought to the market for sale. We might get independent verification of a sales agent's opinion. In total, 54% of the assets within the Project Eagle portfolio were subject to independent verification of value when we were bringing that portfolio to the market.

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