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:
No. I have seen the newspaper reports. That is not a reflection of the value we achieved. We look at the loans we acquired and the total amount of consideration got versus what we paid the banks for the loans. We achieved 33% more than we paid the banks when one takes account of all the asset sales and the residual loan sale.
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