Oireachtas Joint and Select Committees
Thursday, 18 May 2017
Public Accounts Committee
Bord na gCon: Financial Statements 2015 (Resumed)
9:00 am
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
I understand that. However, once a decision was made to proceed with selling Harold's Cross, the opportunity of getting a write-down essentially disappeared, which means that the bank no longer needs to consider that option which was under consideration, at least, in the past. The prospect of getting a write-down from the bank is now gone. I have made that point and Mr. Creed has responded.
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