Oireachtas Joint and Select Committees

Thursday, 14 December 2017

Public Accounts Committee

2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation

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9:00 am

Mr. Gary Hynds:

We cannot get into the detail of the cost of liquidation but secured creditors were ahead of those creditors. Some €14 billion held by NAMA has already been repaid.

Their work encompassed repaying all of that debt and the contingent liability-----

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