Oireachtas Joint and Select Committees

Wednesday, 8 May 2024

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Defective Concrete Blocks: Discussion (Resumed)

Mr. Wesley Murphy:

On the evaluation, ECL provision is based on both the repayment capacity, so whether repayments are being made on the loan, but also on the valuation of the property. If the valuation is reduced then they would need to take a provision on that basis.

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