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
5:20 pm
Kieran O'Donnell (Limerick City, Fine Gael)
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It is not off the original book value. Would it be fair to say that NAMA’s model is that profits come from interest on loans which in essence cover losses it makes on the disposal of loans and assets? Is that a reasonable summary?