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:
The contractual position is that if the debtor is paying off his par debt, he or she pays off all his or her par debt and all the interest that is due. The interest cost of the loan is supposed to cover the administration of whoever made that loan in the first place. That is part of the recovery.
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