Kieran O'Donnell (Limerick City, Fine Gael)
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I thank Mr. Daly, Mr. McDonagh and their colleagues. I looked back at the accounts for the first six months, and more particularly for the second quarter. NAMA made a profit of €102 million for the six-month period. However, a net loss was made on the disposal of loans of approximately €140 million. What type of write down is NAMA taking on the disposal of loans? To follow on from Deputy McGrath's question, what criteria does NAMA use for the disposal of loans? Loans and property are involved. How did NAMA make €140 million of losses on disposals?