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
John McGuinness (Carlow-Kilkenny, Fianna Fail)
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In terms of the initial takeover of those loans and how NAMA established the ones it was going to take over from the different banks, it looked at the general loan portfolio of all the banks. It then took a section of those loans. It looked at the ones that were left with each of the banks. How many of these loans are borderline in respect of where they should be either in NAMA or some other arrangement? I am talking about commercial properties and buy-to-lets that are obviously in distress. How much more debt is there that would be of concern?