Oireachtas Joint and Select Committees
Thursday, 20 September 2018
Public Accounts Committee
National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
9:00 am
Mr. Brendan McDonagh:
As I said earlier, a number of our debtors whom it was thought would never pay off their par debt are now in a position to do so. If they pay off their par debt, they can take their loans and assets out of NAMA and we cannot do anything about it because they have paid their debt and they have somebody new to finance them.
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