Oireachtas Joint and Select Committees

Wednesday, 22 October 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Operations and Functions: National Asset Management Agency

3:40 pm

Mr. Brendan McDonagh:

I will give the Deputy an example. If a debtor borrowed €100 million and the loan came into NAMA, it does not matter what price was paid for it. Unless he paid off the €100 million plus the interest which has accrued since it came into NAMA-----