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:

I will give the context. If one just looks at it in terms of loan sales and the par debt, it is less than 10%, but that does not reflect the true picture because there were asset sales where we got money where there was unpaid par debt which was sold as part of the loan sale. It was just residual loans with no assets attached.

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