Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014

9:30 am

Mr. Brendan McDonagh:

At the time I was here to talk about the 2013 accounts, and I was asked about Project Eagle at the end of the meeting. Doing the calculations in my head, I estimated the figure at around €200 million. Now I am saying it is €280 million if we look at it in cash terms. I was doing the calculations in my head and that was the best I could do at the time.