Oireachtas Joint and Select Committees
Thursday, 28 September 2023
Public Accounts Committee
NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General
9:30 am
Mr. Brendan McDonagh:
We had paid the bank that money. Clearly the assets, because of the deterioration in them, ended up being much less than €4.3 million. That happened. That does not change the outcome. The outcome is that we have an up-to-date valuation indicating that all anybody could hope to get for it would be €265,000. We either take it or we do not.
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