Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

When Ms Nolan was last before the committee on 6 October, she said she raised the issue of the discount rate. She will be aware that it has been a matter of contention. The established rate was 5.5% as agreed by the NAMA board yet NAMA says the discount rate applied in respect of the Eagle Project was 10%, that that was the appropriate rate and so on. Ms Nolan said at her last appearance that she had raised the issue of this discount rate with the Comptroller and Auditor General. She said she questioned the use of the 5% discount rate by the Comptroller and Auditor General and suggested that had the Comptroller and Auditor General's staff experience in the sale of loan books, they would have used a higher discount rate. That is not true.