Oireachtas Joint and Select Committees

Thursday, 10 November 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

9:00 am

Ms Ann Nolan:

As I said earlier, I would be concerned. I do not think one can say from what the Comptroller and Auditor General said that this was or was not the best possible price; I do not think there is sufficient evidence in either direction. The reality is that one can only sell loans for what someone is willing to buy them for. While the Deputy and I can have a great idea about how theoretically we could have sold this portfolio for more, we do not know that. You do not get to do it more than once.

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