Oireachtas Joint and Select Committees

Thursday, 26 September 2013

Public Accounts Committee

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

1:10 pm

Mr. Brendan McDonagh:

Until the underlying assets are sold and we have a use for them. If we no longer have a use for them, they do not get paid any more. Effectively, it will be while we believe they are adding value in terms of protecting the interests of the taxpayer and it is cheaper than the alternative option, which is sometimes receivership which is a multiple of that in terms of expense,