Oireachtas Joint and Select Committees
Wednesday, 6 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán Lynch (Cork South Central, Labour)
Link to this: Individually | In context | Oireachtas source
Not the highest; some banks went up to 63%.
Could you offer possible explanations for such a high figure and why it was not reflective of the bank's provisioning policy up to the time of NAMA acquiring the loans? Quite simply, you had these loans valued at one figure and when NAMA got sight of them, it came out completely different.