Oireachtas Joint and Select Committees

Wednesday, 4 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Dr. Peter Bacon:

Yes, but there is a separate category. It is associated investments. I mentioned in passing that there was a question about cross-guaranteeing. NAMA was only taking on the development loans and associated investments - that is to say, investments that were associated with the development loans. There was another tranche of loans called investment loans which were not included. That is the difference.