Oireachtas Joint and Select Committees

Wednesday, 16 December 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Operations and Functioning of NAMA: Discussion

2:30 pm

Mr. Brendan McDonagh:

When we took over the loans from the banks there was no control over rental income or expenditure. We decided very quickly that we needed to get control of that rental income and that if it was necessary to deduct money from that rental income that it was an appropriate amount. We have had that process in place since the start of 2011.