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

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9:00 am

Mr. Brendan McDonagh:

It was set because of the loan price methodology agreed with the European Commission. As the effective interest rate ended up being 5%, effectively that was a benchmark measure. If one is achieving a return greater than 5%, the rate at which one discounted the cashflows-----

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