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. Frank Daly:

I am saying we do not have the capacity to hold assets to maturity because, if we did, we would never end up paying off the debt. That is a constraint that has been on NAMA from the beginning. It goes back to the debate we had this morning in that if one held on another month, year or ten years, one might get a better price. One might. If there were no other constraints or requirements in terms of paying off the debt, that would be a grand idea but it was not possible for us to do that.

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