Oireachtas Joint and Select Committees
Thursday, 12 July 2018
Public Accounts Committee
2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts (Resumed)
Chapter 23: Accounts of the National Treasury Management Agency (Resumed)
National Treasury Management Agency: Financial Statements 2017 (Resumed)
9:00 am
Mr. Conor O'Kelly:
It is about capacity. We will sign a lease for 25 years. We probably only need half of that space while another 20% of it will be made available to NAMA, the Strategic Banking Corporation of Ireland, SBCI, and other agencies. There is talk about the NTMA being given different mandates. Accordingly, we left ourselves some flexibility. We can sublet those other floors and get some rent back to offset the costs.
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