Oireachtas Joint and Select Committees

Tuesday, 20 June 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Irish Mortgage Market: Right2Homes

2:00 pm

Mr. MaoilĂ­osa Reynolds:

I was number crunching on my phone. This relates to what Fr. McVerry said to me beforehand. The business case is that we are proposing to purchase €14 billion worth of assets for €5 billion. That is book value in the banks so they are not losing out.

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