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

9:00 am

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

I am going to make a request for information before we finish. I wish all the witnesses a happy Christmas, and I hope Mr. Carville, who said that he has a chest infection, recovers. I thank him for coming here today despite that.

From the figure at 2.1 which breaks down NAMA's loans we can see the total borrower debt, the NAMA payment for loans, which is the amount that NAMA got. The discount, or loss, is given as a percentage. Can we get a breakdown of each of those? Taxpayers' money was used. If we look at AIB for example, can we get a breakdown of how many loans there were, as well as the range in value? Was the range from €1 million to €500 million? We do not want the client's names, only the range. We would like the same for Anglo Irish Bank and Bank of Ireland. We want this because, if it is the case in Anglo Irish Bank that the volume of loans is, say 100, but 10 of those were very high amounts that add up to 50% of the overall amount, it shows us that we essentially bailed out a very small number of developers. It would be interesting and worthwhile to have that breakdown. The figures to be provided are for each of the banks involved and will show the volume and the range.

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