Oireachtas Joint and Select Committees
Thursday, 10 November 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
9:00 am
Mr. Seamus McCarthy:
The table basically states that the focus of the exercise at the end of 2013 was mainly on the period 2014 to 2016. There is a footnote to assumption 1: "Assets forecast to sell from 2017 to 2020 are adjusted down by 17% or €85.0m." NAMA is therefore effectively adding further impairment regarding NAMA-managed assets that it was projecting for sale between 2017 and 2020.