Oireachtas Joint and Select Committees

Thursday, 26 September 2013

Public Accounts Committee

Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency

10:50 am

Mr. Brendan McDonagh:

Yes, but as of 30 June of this year, we still have €9 billion of overseas assets remaining in the NAMA portfolio and about €12 billion of assets remaining in Ireland. We have taken substantial impairments. The majority of the impairment figure to 1 December of €3.3 billion that the board has recognised to date and which has been signed off by the Comptroller and Auditor General as being appropriate has been against Irish assets.