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. Michael Moriarty:
The loans were valued in terms of the underlying security. Every asset was valued and obviously that was a huge exercise. Then this long-term economic value adjustment was made. If we had taken over the loans at just the underlying value, the figure would have been approximately €26 billion. In fact-----
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