Oireachtas Joint and Select Committees

Thursday, 17 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

Photo of Bobby AylwardBobby Aylward (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

Cerberus has been working out the loans since 2014 and has already given information about how much it has sold off. Are things going well? Does Cerberus force sales or work out arrangements with the borrowers and try to work out the assets gradually? Is Cerberus putting pressure on borrowers? Does Cerberus work it through like a bank, or does it identify an asset it wants to get rid of and sell it off, end of story?

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