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:

Yes, but as our portfolio gets smaller, it is the tail-end that is the problem. It takes more time. The bigger and more desirable assets were sold earlier. There were years in which we were generating €9 billion in cash flow, while our operational costs would have been €100 million, which would have been a very small percentage.

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