Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014

9:30 am

Mr. Frank Daly:

That is the core question. I still believe that at the time we sold the portfolio it was the best achievable price. If I were to be asked whether we would get slightly better if we put it on the market now, I do not know. We might or we might not. We have struggled sometimes, for example, with some of the other regional areas that are not recovering. Deputy Deasy spoke about residential growth in Northern Ireland, but residential was only 6% of this portfolio.