Oireachtas Joint and Select Committees
Wednesday, 22 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Brendan McDonagh:
Well, I mean, if you think about it in very simple terms, Deputy, then you'd probably say, you know, if you're accruing at 5% per annum on €40 billion, that's about €2 billion per annum. Assuming that these loans might have originated in 2005, 2006, you had on average two or three, two or three-----