Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014

9:30 am

Mr. Seamus McCarthy:

Even from last year, the scale of the loss on those loans did cause me to think that this needs to be looked at further by us. I made that decision last year. It would have been in the course of the audit of the financial statements for 2014, again further confirmation that we need to look at this. It would be around the value that was achieved in the sale.