Oireachtas Joint and Select Committees

Thursday, 8 October 2020

Public Accounts Committee

Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019

11:30 am

Mr. Brendan McDonagh:

In terms of Nantes, one can look at it in financial terms but in terms of the overall connection, where we needed all the debtors' co-operation to achieve this, we achieved €210 million. We did not achieve €152 million or €125 million. Therefore, we do not think that looking at Nantes in isolation, when one has a debtor with multiple assets, is a fair reflection.

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